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Economy

Wall Street drops following discouraging updates on US shoppers and inflation

By STAN CHOE
Mar 28, 2025 12:13 pm - U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump's escalating trade war.
US inflation remained elevated last month as consumer spending rose slightly

By CHRISTOPHER RUGABER
Mar 28, 2025 8:56 am - An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt. Americans' spending increased after a steep fall last month but remained weak, suggesting consumers have turned more cautious this year.
Illinois’ current sales tax system does not reflect a modern economy

By Frank Manzo IV
Mar 26, 2025 9:23 am - Tax policy is a deeply misunderstood topic. In general, most people believe that “conservative” states levy fewer taxes than states with more “left-leaning” leadership.
Consumer confidence is sliding as Americans’ view of their financial futures slumps to a 12-year low

By MATT OTT
Mar 25, 2025 1:27 pm - U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation.
Trump promised an American boom. He now says it may take a while.

By Hadriana Lowenkron and Josh Wingrove
Mar 22, 2025 1:27 pm - President Donald Trump said his first day in office marked the start of a “golden age” for the U.S. He and his advisers now say it could take months or longer to arrive.
With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

By PAN PYLAS
Mar 20, 2025 8:22 am - The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S.
Fed holds interest rates steady as tariffs begin to drive some inflation

By Rachel Siegel and Andrew Ackerman
Mar 19, 2025 4:03 pm - The Federal Reserve kept interest rates steady Wednesday, continuing its cautious approach as President Donald Trump’s trade war and stubborn inflation blur the path ahea...
Back down goes Wall Street as Big Tech resumes its slide

By STAN CHOE
Mar 18, 2025 3:31 pm - NEW YORK — Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where...
Americans increased spending tepidly last month as anxiety over the economy takes hold

By CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
Mar 17, 2025 1:36 pm - U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.
Pritzker’s budget sleight of hand ignores Illinois’ fiscal problems

By Matt Paprocki
Mar 15, 2025 1:01 pm - While Gov. JB Pritzker points fingers at Washington, D.C., as the source of Illinois’ problems, his budgeting tells a different story, says Matt Paprocki, president/CEO of the Illinois Policy Institute.

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