Jaclyn Jeffrey-Wilensky

1 month ago | usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky

READ: Consumer Sentiment Tumbles in MarchPresident Donald Trump entered his second stint in the White House promising a complete makeover of the U.S. economy. Taxes would be lower, import tariffs would be used to bring America’s trading partners to heel, immigrants would be sent packing, and grocery prices would come down.

1 month ago | usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky

After a roller-coaster week in which markets and economists were occupied with the effects of President Donald Trump’s tariffs, the focus turns this week to something more predictable. That will be the state of interest rates as the Federal Reserve meets to consider monetary policy. The stock market surged 650 points to end a week that still left major indexes near correction territory. Among the concerns: tariffs and a sharp increase in consumers’ inflation expectations.

2 months ago | usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky

The mood of consumers has taken another sharp downward turn in March as President Donald Trump’s disorderly rollout of import tariffs and persistent inflation have dampened the enthusiasm of Americans toward the economy. The March consumer sentiment survey from the University of Michigan registered a 10.5% drop following February’s sharp decline. While sentiment about current conditions fell only 3.3% in March, the index of consumer expectations posted a 15.3% drop.

2 months ago | usnews.com | Tim Smart |Jaclyn Jeffrey-Wilensky

Key Takeaways: Prices paid by businesses at the wholesale level held steady in February. Egg prices rose 53.6% while gasoline fell 4.7% in the month. Wholesale inflation was unchanged in February, the second reading in a row showing that prices cooled somewhat in the month. While the overall producer price index came in flat, prices for goods increased by 0.3% in February, while services costs declined by 0.2%. On an annual basis, the PPI increased by 3.2%, down from 3.7% a month earlier.

2 months ago | usnews.com | Jaclyn Jeffrey-Wilensky |Laura Mannweiler

Over the course of his long and at times testy address to Congress on Tuesday night, President Donald Trump uttered his predecessor’s name more than a dozen times. Forms of “border” and “tariff” – two words closely associated with the president’s most closely held priorities – appeared close to 20 times apiece. “It’s a beautiful word, isn’t it?” Trump said of the latter. A U.S. News word frequency analysis reveals the themes, people and places that cropped up the most in Tuesday’s speech.