Christopher Rugaber

FILE – Eggs sit in a container in a shopping cart at grocery store, Monday, Jan. 27, 2025, in Windham, Maine. (AP Photo/Robert F. Bukaty, File)

The tariff-driven inflation that economists feared begins to emerge

July 15, 2025 at 2:44 p.m.

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs push up the cost of everything from groceries and clothes to furniture and appliances.

White House press secretary Karoline Leavitt holds up a note from President Donald Trump to Federal Reserve Chairman Jerome Powell written on a list of central bank rates worldwide, as she speaks with reporters in the James Brady Press Briefing Room at the White House, Monday, June 30, 2025, in Washington. (AP Photo/Alex Brandon)

As President Donald Trump ramps up attacks on the Federal Reserve, Chair Jerome Powell refuses to change course

July 1, 2025 at 12:50 p.m.

Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald...

Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, June 18, 2025. (AP Photo/Mark Schiefelbein)

Fed leaves key rate unchanged as it awaits tariffs’ impact; Trump refers to Fed Chair Powell as ‘stupid’

June 18, 2025 at 5:41 p.m.

The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year.

FILE – Shoppers walks past a Calvin Klein store at Citadel Outlets in Commerce, Calif., April 14, 2025. (AP PhotoDamian Dovarganes, file)

Inflation rose slightly last month as grocery prices ticked higher

June 11, 2025 at 9:12 a.m.

U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.

FILE – Empty shopping carts are collected from the parking lot at Walmart store in Burbank, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)

President Donald Trump’s massive import taxes haven’t done much economic damage — yet

May 19, 2025 at 9:53 a.m.

Trump’s tariffs are still huge – the highest since the Great Depression of the 1930s. They’re unpredictable: The president frequently announces tariffs only to suspend them days later and to...

President Donald Trump speaks as he signs executive orders in the Oval Office of the White House, Thursday, April 17, 2025, in Washington, as Commerce Secretary Howard Lutnick listens. (AP Photo/Alex Brandon)

President Trump claims this is Biden’s economy, but businesses and economists beg to differ

May 1, 2025 at 5:29 p.m.

When the stock market fell Wednesday on news that the American economy had gone backward during the first three months of 2025, President Trump knew exactly who to blame: Biden.

FILE – Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China’s Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File)

President Donald Trump’s tariffs loom over the economy as shipments from China fall

April 30, 2025 at 12:05 p.m.

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.

Truck await to load shipping containers at the Port of Los Angeles Wednesday, April 9, 2025, in Los Angeles. (AP Photo/Damian Dovarganes)

President Donald Trump reverses tariffs that caused market meltdown, but companies remain bewildered

April 10, 2025 at 6:25 a.m.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating...

Containers are stacked at the Port of Los Angeles Wednesday, April 2, 2025, in Los Angeles. (AP Photo/Damian Dovarganes)

President Trump’s tariff push is a race against time — and potential voter backlash

April 3, 2025 at 6:37 p.m.

President Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy.

President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)

What to know about President Donald Trump’s vast new tariffs

April 3, 2025 at 9:21 a.m.

After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher...

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