May 28th, 2025
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Consumer confidence in the US went up in May, as reported by the Conference Board, after five months of going down. The index rose by 12.3 points to 98, from 85.7 in April, which was the lowest point since the pandemic started. This seems to be mostly because worries about how President Trump's tariffs would affect the economy have lessened a bit. However, people's short-term expectations for their income, business, and jobs stayed below 80, which might mean a recession is coming. The Labor Department announced that 177,000 jobs were created in April, which helped confidence, but concerns about tariffs and rising prices were still the main issues in the survey. Despite this, people said they planned to spend more on houses, cars, and holidays.
May 28th, 2025
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US-EU Trade Standoff: Deciphering Trump's Demands and Europe's Potential Concessions
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