Amidst a pause in the trade stand-off between the United States and China, there has been a noticeable improvement in U.S. consumer confidence in May, following five months of consecutive decline. Nevertheless, concerns persist among households regarding the potential impact of tariffs on prices and the economy. The Conference Board disclosed on Tuesday that its consumer … [Read more...] about Is the Economy Turning a Corner with Consumer Confidence Greatly Incresing in May?
Economy
Wallets Tighten as Inflation Expected to Climb to 4.3%
According to a preliminary report by the University of Michigan, U.S. consumers expect inflation in the coming year to reach 4.3%. This is the highest reading since 2023. Economists have pointed out that President Donald Trump's proposal to impose tariffs on many products imported into the United States would increase prices for U.S. customers. Consumer sentiment data … [Read more...] about Wallets Tighten as Inflation Expected to Climb to 4.3%
Funding Disputes in GOP Threaten Timely Social Security Payments
The administration running the Social Security program warns that waiting times for Social Security benefits could increase next year if Congress does not agree to increase funding to the Social Security Administration. House Republicans refused to increase funding for the Social Security Administration when the continuing resolution was passed in September. This … [Read more...] about Funding Disputes in GOP Threaten Timely Social Security Payments