The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.
“What these factory owners are making is a point that, even with the tariff, it is still going to be drastically cheaper than when you’re buying from the brand directly,” said Caiwei Chen, a China reporter for MIT Technology Review.
Median property taxes in the U.S. rose by an average of more than 10% between 2021 and 2023, according to an analysis by LendingTree. More than half of homeowners with a mortgage are paying more than $3,000 a year.
The insurance industry used the public database to estimate future costs, while local governments turned to it for lessons on building resilient infrastructure.
Consumers’ expectations about their own personal financial situations declined sharply in April, according to the New York Fed. But their inflation expectations didn't change much.