Tariffs spark concern
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According to a report by Coresight Research, 62% of shoppers say they'll begin back-to-school shopping before August, up over 8 percentage points from last year.
Economists say it will take time for the effects of trade policies to show up in economic data — but acknowledge they aren’t sure how long.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
Inflation accelerated in June due to sweeping tariffs likely raising prices for various goods. Economists predict a year-over-year increase of 2.6%. Rising inflation could challenge President Trump's economic promises and complicate the Federal Reserve's interest rate strategy.
1don MSN
U.S. Treasury yields will trade in a tight range over the coming months, with a strong majority of bond strategists surveyed by Reuters predicting demand for Treasuries lagging an expected deluge of new supply.
While tariffs are a tangible worry for investors, something far more nefarious (and important) can weigh on the stock market.
President Donald Trump and his supporters point to encouraging economic indicators to argue that concerns about his tariffs are overblown. Skeptics, however, say it’s too soon to declare that all’s well.
Inflation rose in June while wages went down, driving down buying power for consumers across the economy, federal data show.