Inflation Eases and Consumer Spending Declines Amid Tariff Uncertainty
TL;DR Summary
Americans are reducing their spending due to ongoing tariff disputes and economic uncertainty caused by the trade war, with consumer spending growth slowing significantly in April to 0.2% from 0.7% the previous month.
- Consumer spending slows as Americans pull back amid tariff uncertainty The Washington Post
- Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows CNBC
- The April PCE Inflation Data Are Here. What to Know. Barron's
- Fed's go-to inflation gauge slows in April, alongside drop in consumer spending Axios
- PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo The New York Times
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