Inflation ticked up
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Inflation ticked up for the fourth month in a row, rising in line with forecasts, as higher tariff rates trickle into prices for consumer goods. The consumer price index climbed 2.9% year over year in August,
President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries receive a base tariff rate of 10%, but for countries receiving more, the rates were calculated by halving a rate he displayed as ...
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Donald Trump’s new tariff rate formula – What do we see?
President Donald Trump’s formula for calculating tariffs, detailed in a statement from the United States Trade Representative (USTR) on Wednesday night, bases tariff rates on trade imbalances rather than matching the tariff and trade barrier levels ...
At the same time, because wages don’t rise as fast as inflation, labor effectively becomes cheaper for companies. This leads them to post more job openings, and because most people filling those roles are switching from an existing job, the unemployment rate holds steady.