Economy
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Jobs report to test how long consumers can keep carrying economy
Consumer spending is the largest part of the U.S. economy.
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Consumer Prices hit the highest level in last three years, amid Iran War tensions
Consumer prices are highest in the last three years, straining American finances
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Inflation rises at fastest pace since May 2023, Commerce Department data shows
The Personal Consumption Expenditures index rose 3.8% from the same time last year, the fastest annual rate since May 2023.
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Fear of inflation fell in May: New York Federal Reserve survey
The Fed's Survey of Consumer Expectations showed that the one-year inflation outlook decreased a 0.4 percentage point, down to 3.2%, from April.
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US economy added 139K jobs in May, unemployment rate remains at 4.2%
Analysts forecasted 120,000 new jobs would be added to the economy
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Trump tariffs to slash deficit by $2.8 trillion over 10 years: CBO
The figure comes amid backlash from some Senate Republicans to the "big, beautiful bill" over its impact on federal spending.
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West Virginia Gov. Morrisey works to decouple his state’s investments from China
West Virginia Investment Management Board voted to adopt a policy similar to the Board of Treasury Investments to divest from Chinese companies.
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Trump's 50% steel tariffs begin, tariffs on UK remain 25%
The UK, which sends 7% of its total steel exports to the U.S. that is worth $500 million, is keeping the 25% tariff as a U.S.-UK trade deal is being worked out.
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Top Trump economic adviser predicts legislative agenda will make American families $10,000 richer
During a Just the News special with the Association for Mature American Citizens (AMAC) to be aired Thursday night, Hassett urged the Senate to pass Trump's 'big beautiful bill' or else face a massive tax hike.
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Consumer confidence increases after five-month decline
"The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," economist Stephanie Guichard said.
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Hassett blames EU internal divisions for stalled trade talks
Trump, for his part, sounded an optimistic tone on the prospect of a resolution to the trade dispute after delaying planned 50% tariffs on the bloc at the request of its leaders.
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Stocks slump after Trump raises tensions with EU tariff threats
Economists, businesses and some publicly traded companies have warned that tariffs could raise prices on a wide range of consumer products.
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Lutnick defends 10% baseline tariffs, say they aren't increasing prices
Inflation reached an annualized rate of 2.3% in April, below analyst expectations.