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The Conference Board

Arlington, VA
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Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy
Costs Rise While Stubborn Inflation Persists, Trump Tariffs Loom Over Economy Prices for a wide range of products increased in July, even as inflation held steady, with economists expecting President Donald Trump's tariffs to further raise costs for many Americans. The Consumer Price Index rose by 0.2% in July and reached a yearly rate of 2.7%, according to data released by the Bureau of Labor Statistics on Tuesday, Aug. 12. That was barely lower than the 2.8% annual inflation expected in the Dow Jones forecast, CNBC reported. Core inflation, which doesn't include the volatile food and energy categories, jumped by 0.3%, bringing the annual rate to 3.1%. That's the hi…

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by Chris Spiker
Arlington, VA
On Your Side
'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey 'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey 'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey
'Buy American' Movement Fades Despite Trump's Tariff-Fueled US Manufacturing Push: Survey The "Buy American" movement has lost popularity as President Donald Trump's sweeping tariffs raise prices on many goods while claiming to boost domestic manufacturing, according to a new survey. Half of Americans said in June that they'd be more likely to buy a product they liked after learning it was made in the US, according to the report from The Conference Board. That's down from 60% in May 2022. The appeal of "Made in USA" labels has also fallen 18% since 2022, with shoppers' fears about rising costs as the main factor in the decline. "Given US consumers' persisten…

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by Chris Spiker
New Rochelle, NY
On Your Side
Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence
Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence Consumer confidence has continued its sharp decline in 2025 as President Donald Trump's tariffs fueled Americans' pessimism about the economy, jobs, and their own incomes. The Conference Board's Consumer Confidence Index dropped 7.9 points to 86.0 in April, the nonprofit said in a news release on Tuesday, April 29. This marked the fifth straight decline and the lowest reading since the early days of the COVID-19 pandemic. The Expectations Index, which tracks views of the next six months, plunged 12.5 points to 54.4 – its lowest level since October 2011. That's far b…

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by Chris Spiker
Arlington, VA
On Your Side
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Unemployment inched up in March – slightly higher than economists expected – as stock markets crashed and Big Tech companies saw their worst single-day loss on record in response to President Donald Trump's aggressive new tariffs. March's unemployment rate was 4.2%, the Bureau of Labor Statistics said on Friday, April 4. That was slightly higher than the 4.1% forecast as the labor force participation rate also rose, CNBC reported. The US added 228,000 nonfarm payrolls in March, significantly higher than the Dow Jones estimate of around 140,000. The BLS also reduced …

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by Chris Spiker
Arlington, VA
On Your Side
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …

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by Chris Spiker
Arlington, VA
On Your Side
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners President Donald Trump has announced sweeping new tariffs, accusing allies and adversaries of looting the US economy, despite consumer confidence sinking domestically and growing recession fears. Trump revealed the tariffs during a news conference in the Rose Garden at the White House on Wednesday, April 2. The President called the day "liberation day," alluding to what he claims is a trade imbalance caused by his predecessors. The new measures impose a baseline 10% tariff on all imports. Those will begin on Saturday, April 5, according to the White House. Sharply higher rates for dozens o…

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by Chris Spiker
New Rochelle, NY
On Your Side
Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs
Recession Odds Sharply Rise Before Trump's 'Liberation Day' Tariff Rollout: Goldman Sachs Goldman Sachs has nearly doubled the odds of a US recession, warning that President Donald Trump's sweeping new tariffs could drive up prices, slow growth, and force the Federal Reserve to cut interest rates because of higher unemployment. A recession is now 35% possible in 2025, the investment banking firm said in an economics research report published on Sunday, March 30. That's a dramatic increase from Goldman Sachs' 20% prediction made earlier in March. The increased odds come as Trump prepares to roll out sweeping new tariffs on Wednesday, April 2, which the President has dubbed "…

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by Chris Spiker
National Interest
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…

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by Chris Spiker
National Interest
Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically
Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically President Donald Trump has imposed a 25% tariff on all foreign-made autos, the latest in a chaotic series of tariff threats and trade war escalations that have fueled significant economic turmoil and anxiety. Trump signed an executive order to place the tariffs on cars and light trucks at the White House on Wednesday, Mar. 26. The tariffs go into effect Wednesday, Apr. 2, and the US will begin collecting duties on the following day. The measure builds on the existing 2.5% auto tariffs, which Trump has claimed would generate more than $100 billion in new annual revenue for the…

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by Chris Spiker
Hartford, CT
On Your Side
Consumer Confidence Crashes To 12-Year Low As Trump Tariffs, Rising Prices Fuel Economic Gloom Consumer Confidence Crashes To 12-Year Low As Trump Tariffs, Rising Prices Fuel Economic Gloom Consumer Confidence Crashes To 12-Year Low As Trump Tariffs, Rising Prices Fuel Economic Gloom
Consumer Confidence Crashes To 12-Year Low As Trump Tariffs, Rising Prices Fuel Economic Gloom Consumer confidence continued its freefall in March, tumbling to its lowest level since the early 2010s as inflation fears, President Donald Trump's rapidly changing tariff threats, and stock market pessimism weighed heavily on Americans. The Conference Board's Consumer Confidence Index fell 7.2 points in March to 92.9, the nonprofit said in a news release on Tuesday, Mar. 25. That was the lowest reading since late 2022 and well below the threshold that typically signals a looming recession. The steepest drop came in the Expectations Index, which fell 9.6 points to 65.2 — marking its l…

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by Chris Spiker
Hartford, CT
On Your Side
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans. The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024. The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook. "…

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by Chris Spiker
Roseland-Essex Fells, NJ
On Your Side
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Job growth in the private sector slowed to its weakest pace in seven months, as hiring lags amid economic uncertainty and rising trade tensions, according to new data. Private employers added just 77,000 jobs in February, the ADP said in its National Employment Report released on Wednesday, Mar. 5. That number marks the smallest job growth since July 2024 and was down sharply from January's revised total of 186,000. February's data is the latest in a wave of troubling economic indicators during the first two months of President Donald Trump's return to office. "Policy uncertainty…

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by Chris Spiker
Arlington, VA
On Your Side
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker
Arlington, VA
On Your Side
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight'
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight' Canada, Mexico, and China are responding to President Donald Trump officially placing tariffs on the three nations, escalating tensions with the US's key trading partners and increasing concerns about rising costs for American consumers. The US officially imposed 25 percent tariffs on Canadian and Mexican goods on Tuesday, Mar. 4. On the same day, the US also raised tariffs on Chinese imports to 20 percent. On his social media platform Truth Social, Trump claimed the solution to the trade wars is bringing more businesses into the country. "IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE …

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by Chris Spiker
New Rochelle, NY
On Your Side
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

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by Chris Spiker
National Interest
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy. Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000. The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …

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by Chris Spiker
New Rochelle, NY
On Your Side
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021
Recession Fears Rise As Consumer Confidence Sees Steepest Drop Since 2021 Consumer confidence took its biggest dive in more than three years, adding to growing concerns over inflation, job security, and the broader economy — as Americans grapple with high prices and uncertain financial conditions. The Conference Board's Consumer Confidence Index fell 7.0 points in February to 98.3, the nonprofit business research group said on Tuesday, Feb, 25. That marks the metric's steepest monthly decline since August 2021. The Expectations Index also dropped 9.3 points to 72.9. That number gauges consumers' outlook on jobs, income, and business conditions. Fo…

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by Chris Spiker