Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation hitting a four-year low.

“Without a spike in inflation,” said eToro equity analyst Bret Kenwell, “the Fed may have trouble defending its stance on interest rates, particularly as other central banks lower rates and as borrowing costs remain high for US businesses and consumers.”

Year-over-year inflation cooled to a 2.3% increase in April, a four-year low. That was below the 2.4% that economists had expected and below March’s annual rate. A big decline in gasoline prices compa

The economic vibes are improving, with consumers' inflation expectations falling last month for the first time in 2025. On Wednesday, CPI was also cool.

A recent Bank of Baroda report indicates that India's retail inflation has likely decreased to 2.7% in May 2025, mainly due to a decline in food prices. This development aligns with expectations for improved price stability ahead of the official CPI data release.

The decline in retail inflation is mainly because food prices rose at a much slower pace than before. Cheaper vegetables, fruits, cereals, and pulses helped bring food inflation down sharply. In May,

India’s retail inflation drops to six-year low of 2.82% in May, driven by steep fall in food prices and RBI’s monetary easing.