Economic Research Center

Economy

As Trump berates Goldman, other economists agree that higher tariff inflation is coming

Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it's far from alone in that view.

Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank's economist

Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets.

Fed board contenders Miran, Bullard say Trump's tariffs are not causing inflation

Both did not commit to how they would vote on interest rates. However, they praised Trump's pro-growth agenda.

Consumer prices rise 2.7% annually in July, less than expected amid tariff worries

The CPI was projected to increase 0.2% in July and 2.8% for a year ago on headline, and 0.3% and 3% on core

Trump-Putin talks are already a triumph for Moscow, its economy and markets

Economists say the talks are "already a win" for Putin, whose economy is limping along after three years of war.

U.S.-China high-stakes tariff truce extension hangs in the balance as deadline looms

Following the latest bilateral meeting in Stockholm in July, Beijing had struck an optimistic tone on an extension, while U.S. negotiators had put the ball in Trump's court.

From lipsticks and Labubu dolls to concerts, the 'treatonomics' trend is booming in uncertain times

Spending on mood-boosting products and experiences is proving resilient as consumers seek a morale boost in hard and uncertain times.

Bank of England narrowly votes to cut interest rates to 4% as balancing act continues

The Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a "gradual and careful" approach to lowering interest rates.

Trump's 'reciprocal' tariffs come into effect, hitting dozens of U.S. trading partners

Many of the U.S.' trading partners now face higher tariffs on their exports to the country.

Trump’s tariff playbook comes with a baseball twist

Say what you like about U.S. President Donald Trump's leadership style and policies, but he certainly has a unique way with words.