Recent economic reports indicate a surprising easing of inflation and solid job growth in the U.S, despite fears regarding President Trump's high import tariffs. These tariffs are among the highest seen since the Great Depression and continue to spark uncertainty in markets. While recent developments, such as a truce with China, have alleviated some immediate risks, economist opinions vary on future inflation trends. Major retailers like Walmart have already begun raising prices amid these ongoing tariff complexities, leading to a mixed sentiment among consumers and businesses alike.
The disconnect has businesses and consumers struggling to reconcile what they were told to expect, what the numbers say and what they are seeing on the ground.
We had a good jobs report. We had a cool inflation report, and that's great. But that should not give us comfort about what next month will be, particularly on inflation.
True, the truce with China last Monday dramatically reduced the risks to the U.S. economy, and U.S. and global stock markets rallied last week in relief.
Trump's tariffs are the highest since the Great Depression.
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