Target cuts annual forecasts
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CNET on MSNMortgage Forecast: Tariffs and Inflation Have Kept Rates High. Will That Change in May?This week, mortgage rates are mainly driven by headlines about ongoing trade negotiations and the bond market’s reaction to tomorrow’s inflation data. On Monday, the White House announced a 90-day “reset” on steep tariffs with China,
Skyrocketing prices might not be top of mind this spring. But many economists warn that consumers should get ready to pay more as soon as summer.
Global investors admit to flying blind in markets roiled by erratic U.S. trade rhetoric and chaotic economic forecasting, stressing that placing long-term bets was harder now than at any time since the 2020 COVID-19 crisis.
US consumers went on a shopping spree earlier in the year to get ahead of tariff-induced price hikes, but that tailwind is fading, experts say.
Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending. Because consumer spending accounts for about 70% of U.S. economic activity, a retreat would heighten the odds of contraction for the U.S. economy.
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Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this s
Inflation could rise this summer as tariffs are reflected in the data, forecasters say. The US tariff rate is high even after the latest deal with China.
Singapore last month also downgraded its GDP forecast for 2025 to 0% to 2% from the previous 1% to 3%, citing the direct and indirect impacts of the U.S. tariffs, and officials have said there is a risk of recession in the city-state.
US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.
While that is less than their previous forecast for 3.5 percent inflation, it’s still well above the Fed’s annual target of 2 percent. Even though tariff rates have fallen since the ...
US stock market stalls as S&P500 faces resistance. Trade talks, Fed signals, and CPI data drive next week’s market sentiment and forecast.