������ý

“The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” George Saravelos, global head of FX research at Deutsche Bank.

Median expectations for inflation three years from now rose to 3.2% in April, the highest reading since July 2022. Estimates for year-ahead price growth, however, held steady.

While prices will rise for everyone, lower-income families are expected to lose a larger portion of their budgets because they tend to spend more of their earnings on goods.

Expected inflation five years ahead rose to 3% last month, the highest since May 2024, according to results of the New York Fed’s Survey of Consumer Expectations published Feb. 10.

Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid in 2024.

The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier.

The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.

On-time in-full (OTIF) is a supply chain metric for measuring performance in logistics. OTIF generally refers to a supplier’s ability to deliver product within prescribed delivery windows and at full quantities ordered.

U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.

Thanksgiving weekend shoppers surpassed their record turnout from last year, marking a strong unofficial start to the holiday season, according to the National Retail Federation.