Data and Financial Journalist
U.S. inflation dropped to 2.4% in March as consumer prices fell slightly, easing from 2.8% in February. The dip comes amid new tariffs from President Trump and ongoing Fed caution on interest rate cuts. Food prices, however, continued to rise—egg prices surged 60.4% year-over-year.
The Federal Reserve keeps its interest rate unchanged, maintaining its target range at 4.25% to 4.5%. When the Fed sets a target for interest rate, it commits itself to adjusting the money supply. To lower the Fed Funds rate, the Fed’s bond trades buy government bonds, increasing the money supply which in turn lowers the…
Canada hits back with tariffs as Trump moves forward with 25% tariff on two of its largest trading partners-Canada and Mexico.
The European Union (EU), America’s third-largest trading partner, retaliates after Trump unveils a 25% tariff on EU imports, a move that could drive inflation and escalate global trade tensions.