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“Starting now, accuracy is getting worse,” Omair Sharif, president of Inflation Insights, said in an Oct. 9 interview, just over a week into the shutdown.

CSCMP’s 2025 State of Logistics Report found that annual expenditures associated with moving freight grew 5.4% year over year to $2.58 trillion in 2024 compared with 2023.

Franz von Holzhausen, Tesla’s longtime design chief, said the company is looking to combine the electronic and manual door-release mechanisms, which are currently in separate locations.

Retailers are expressing optimism about the resilience of U.S. consumers, a sentiment that could soon be put to the test as tariff-fueled price hikes increasingly show up on shelves.

“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.