US consumers went on a shopping spree earlier in the year to get ahead of tariff-induced price hikes, but that tailwind is fading, experts say.

Retailers are trying to navigate their way through economic uncertainty in 2025. Tariffs, inflation and lingering fears of a recession have left many Americans uneasy and pulling back on spending.Because consumer spending accounts for about 70% of U.

Skyrocketing prices might not be top of mind this spring. But many economists warn that consumers should get ready to pay more as soon as summer.

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact on prices for investment goods is likely to be much larger than for consumption goods.

Trade tariffs are back - reshaping markets and raising critical questions for investors. Tariffs are widely regarded as impediments to trade openness. By increasing the cost of cross-border transactions,

Related: Goldman Sachs unveils tariffs prediction, recession forecast. Full Video Transcript Below: TED THATCHER: I will say I think that there's a little bit of a misnomer at tim

For many large US businesses, tariffs can have cascading effects on labor, operations, and ultimately, the safety and insurability of their employees. Higher tariffs on imported medical equipment and pharmaceuticals can directly increase the cost of treating workplace injuries, impacting workers' compensation claims.

The White House’s chief economist dismissed the idea that tariff increases will have a lasting impact on US inflation, and cited the potential for interest rates to get back down to pre-Covid levels.

After 40 years in business, Patina Bridal and Formals is closing its doors. The Roanoke-based boutique has been a prominent destination for the region’s wedding, prom, and pageant attire.

Remember a few weeks ago, when economic analysts predicted President Donald Trump's tariffs would spike inflation and maybe even cause a severe recession? It's not working out that way — at least not yet.

Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this summer.

If trade deals can bring the average U.S. tariff to 10% by July, then the Federal Reserve could be in a good position to cut rates in the second half of the year, Federal Reserve Governor Christopher Waller said on Thursday during a media interview.