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Treasury secretary confronts CBS host over past tariff inflation predictions as rates hit 4-year-low
CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...
4 Major Questions Are Lingering About Tariff-Related Inflation
Tariffs' effects haven't shown up in official inflation measures yet, but retailers have said they are raising their prices in response to the increased import taxes. Four factors will help determine ...
The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households overall.
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period ...
Treasury Secretary Scott Bessent reminds CBS anchor about wrong inflation prediction: ‘Numbers are the best in 4 years’
Treasury Secretary Scott Bessent took a victory lap Sunday over recent inflation numbers that show a key benchmark hitting a ...
US service sector unexpectedly contracts in May; inflation heats up
The U.S. services sector contracted for the first time in nearly a year in May while businesses paid higher prices for inputs ...
April Inflation Milder Than Expected As Tariff Impact Still Muted
Economists at Bank of America and Goldman Sachs forecast inflation will shoot up to more than 3.5% by year’s end.