TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
As price inflation increases, thanks to the Trump administration’s elective war on Iran, the increasing cost of living, combined with this stagnating job market, will ensure further economic hardship for many Americans.
At the heart of the UK’s green industrial policy lies its “main mechanism for supporting low carbon electricity generation”: the Contract for Difference (CfD) scheme
Warsh’s appointment follows a Senate confirmation vote last week that largely split along party lines
Speaking to CNBC during the G7 finance ministers’ meeting in Paris, Dombrovskis described the situation as a “stagflationary shock,” warning that Europe is facing weaker growth alongside rising prices.
The 10-year U.S. Treasury yield rose to 4.601%, its highest level in 15 months, while the 30-year bond remained above 5.1%, according to market data.
Recent economic reports showed inflation pressures continuing to build.
Retail sales increased 0.5% in April compared to the previous month, marking the third straight monthly gain.
Calls to “tax the rich” are, once again, gaining traction online in recent weeks. It kicked off last month after New York Governor Kathy Hochul proposed a new tax on second homes in New York City worth more than $5 million.
According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase since August 2023. Restaurant and prepared meal prices also climbed, pushing overall food inflation to 3.2%.
Mortgage rates in the U.S. climbed to their highest level in five weeks, but homebuyers continued returning to the housing market despite rising borrowing costs and economic uncertainty.
