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US economy grows 3% but tariff risks cloud outlook
The U.S. economy grew 3% in Q2 after a weak start, but signs of slowing investment and tariff impacts raise concerns about long-term stability.
Americans cut spending as inflation edges higher in May
US inflation rose to 2.3% in May while Americans cut spending and incomes dropped. Tariffs and weak hiring weigh on growth as Fed weighs rate cuts.
US economy shrinks 0.3% as Trump tariffs hit growth
U.S. GDP fell 0.3% in Q1 2025 as Trump’s tariffs disrupted trade, slowed spending, and rattled markets. Inflation and recession fears rise.
Retail sales rose 1.4% as shoppers stock up on big ticket items ahead of tariffs
U.S. shoppers stepped up their shopping last month, fueled by a spending spree on big ticket items, particularly cars, before President Donald Trump’s expansive new tariffs started kicking in.
US economy grew 2.4% in the 4th quarter
The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth.
