May 28th, 2025
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The Conference Board's latest data reveal a May resurgence in US consumer confidence, arresting a quinquemestrial decline with a 12.3-point surge to 98 from April's nadir of 85.7—a level not seen since the pandemic's onset—ostensibly driven by a marginal attenuation of anxieties surrounding the macroeconomic ramifications of the Trump administration's tariffs; notwithstanding this amelioration, the short-term expectations index, encompassing income, business climate, and employment prospects, languished sub-80, portending a potential economic retrenchment, while the Bureau of Labor Statistics' report of 177,000 new jobs in April provided a modicum of reassurance, anxieties regarding tariff impositions and inflationary pressures preponderated within survey responses, albeit with a discernible uptick in reported intentions to augment expenditure on durable goods such as housing and automobiles, alongside discretionary spending on leisure activities.
May 28th, 2025
US-EU Trade Impasse: Trump's Demands vs. Europe's Leverage in a High-Stakes Standoff
US-EU Trade Impasse: Trump's Demands vs. Europe's Leverage in a High-Stakes Standoff
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Wall Street Ascends Amidst Volatile Trade, Fed Signals Heightened Economic Perils While Maintaining Rates
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Trump's Trade Rhetoric: A Conundrum of Shifting Tariffs
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