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Experts predict steep tariffs could lead to a recession this year.
Tariffs could hike the costs of accidents and further strain the insurance industry.
Businesses, consumers and the Fed are moving carefully because of uncertainty, says Raphael Bostic. “When the fog gets thicker, you're going to pull over and wait.”
Thanks to high costs and economic uncertainty, more eateries and bars, like Leyenda in Brooklyn, are closing.
At the end of the day, consumers need jobs and stable income, says labor economist Elizabeth Crofoot of Lightcast.
Bryan Tetorakis opened a listening bar in Cleveland last year. As costs fluctuate, he’s substituting menu ingredients to manage prices and profit.
General Mills is the latest food company to lower its sales outlook for the year. Campbell’s and Kraft Heinz have done it too.
The fast fashion retailer declared bankruptcy this week, for the second time in six years.
Costs are still high. And according to the CPI for February, there were lots of price hikes and price drops within the grocery sector.
The main difference is inflation.