Right now, there are signs of a tourism and spending slump that could spell trouble for the rest of the U.S. economy.
“It's not the change of tariffs,” said KPMG U.S. CEO Tim Walsh, “but the fact that tariffs are changing, and then sometimes changing again.”
The magnitude of recent policy changes has little precedent in recent history.
High interest rates have spurred the resurgence of adjustable-rate mortgages. But ARMs are a little different from what you may remember.
Tariffs have raised the prices that tea shop owner Rachel Rozner pays. She’s now passing some of those costs on to customers.
Because of the government shutdown, economic data is harder to come by.
Almost a third of all homes sold in the first six months of this year went to buyers who made all-cash offers.
“Premium payments will increase by 114% if Congress does not extend the enhanced premium tax credits,” warned KFF’s Cynthia Cox.
The minutes are dry, but they contain clues about what the central bank might do next.
Lower crude prices usually mean lower gas prices — but pressures on refineries, including drone attacks on Russian refineries, mean that consumers might not see as much benefit.