Economy shrank more than previously estimated in first quarter
Economists expect growth to bounce back to 3% in the second quarter, according to a survey of forecasters.
Economy
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Consumer confidence index unexpectedly resumes slide
Americans’ view of the U.S. economy worsened this month. The regression surprised economists, who had expected a small uptick.
Consumer sentiment rises for first time this year as inflation remains tame
The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey.
Dollar General posts record sales as bargain stores attract more business
Dollar General, which operates 20,000-plus stores, has more than 700 stores in Indiana.
Monthly inflation gauge cools, with little sign of tariff impact
The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.
In upgraded revision, U.S. economy fell 0.2% in first quarter
First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.
Consumer confidence rebounds after 5 months of declines
The Conference Board said the rebound in confidence this month was broad-based across all ages and income groups.
Trump says he’ll delay threatened 50% tariff on European Union until July
In a social media post Friday, Trump had threatened to impose the 50% tariff on EU goods, complaining that the 27-member bloc had been “very difficult to deal with” on trade.
Tariffs, inflation, leery customers hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025.
Mickey Kim: Mitch Daniels, still the epitome of servant leadership, foresees crisis
Says former Gov. Mitch Daniels: “If [tariffs are] the way of getting the attention of trading partners, … then I can understand it. All I can say is, if that’s the game, then it better work fast.”
Inflation rose slightly in April compared to March, but at a slower annual pace
More than half of the monthly increase in April was fueled by a 0.3 percent increase in shelter costs, the labor department said.
Hoosier business executives say to voice tariff concerns, find alternative trade pathways
Representatives from Eli Lilly, Cook Medical and other Hoosier businesses gave advice about tariffs during the Indiana District Export Council’s annual trade and business conference Thursday at Newfields.
U.S. Sen. Todd Young partners on bipartisan bill to jumpstart domestic shipbuilding industry
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.
Nation’s economy shrank 0.3% in first quarter as trade wars disrupted business
First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Trump imposed massive tariffs.
Job openings fell to 7.2 million in March, lowest level since September
Meanwhile, the number of Americans quitting their jobs—a sign of confidence in the economy—rose modestly. And layoffs fell to the lowest level since June.
Consumer confidence index sinks to lowest level in 5 years
The figures reflect a rapidly souring mood among consumers, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump.
Trump blasts Fed chair Powell and looks forward to his ‘termination’
The message, posted early Thursday, came one day after Fed Chair Jerome Powell warned that the administration’s trade war was “highly likely” to spur a temporary rise in inflation.
Powell says Fed can wait on any interest rate moves
Federal Reserve Chair Jerome Powell quoted Ferris Bueller during a speech about policy changes to the Economic Club of Chicago on Wednesday.
Potential impact of trade war on jobs, inflation sends consumer sentiment plunging
The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession.
Inflation fell last month as gas prices dropped sharply
U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.