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Inflation Ticks Up, Spending Slips As Trump's Tariffs Tighten Grip On Economy
Consumer spending cooled in May as inflation crept higher, signaling new pressure on Americans' wallets amid President Donald Trump's sweeping tariffs.
The Federal Reserve's primary inflation reading, the personal consumption expenditures price index, rose 0.1% in May to an annual rate of 2.3%, according to Bureau of Economic Analysis data released on Friday, June 27. Those increases matched ones forecasted by Dow Jones economists, CNBC reported.
Core inflation, which excludes food and energy, rose by 0.2% in May to 2.7%, slightly ahead of the 0.1% and 2.6% forecasts. Th…
Ridgefield's Paula W. Petersen, 72, Was Member of Emmanuel Lutheran Church in Pleasantville
Paula W. Petersen, 72, of Ridgefield, died on Sunday, Oct. 31. She was the wife of the late John S. Petersen, Jr.
Paula was born in Schenectady, NY on July 9, 1949 — a daughter of the late Henry and Ruth (Whitney) Weltzien. She graduated from Roosevelt High School in Yonkers and Pace University in Pleasantville.
A resident of Ridgefield since 2003, Paula previously resided in Ridgefield from 1978 to 1988 and Westchester County from 1988 to 2003. Paula was a member of Emmanuel Lutheran Church of Pleasantville, NY. In her spare time, she enjoyed bridge, sewing, crafts and baking.
Pau…
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Daily Voice
