The latest reading marks the fourth straight month of decline. How will this affect consumer spending and the labor market? Plus, why tariffs are making investors wary of the U.S.
The Trump administration’s tariffs are likely to slow down the U.S. economy, making U.S. companies and government bonds a less attractive asset. International investors have started to think about investing elsewhere.
Usually, the federal government spends to help people through recessions. Now, “there will be far less attempt to cushion the effects,” said political economist Mark Blyth.