It’s cold comfort for Americans gloomy about the state of the US economy, but President Donald Trump’s sweeping tariffs didn’t dramatically raise the cost of living in 2025. That could change in 2026.

Companies cited inflation and interest rates among the factors as well as trade policies that have disrupted supply chains ...

Tariffs may shape inflation far differently than standard economic models predict, according to a new working paper from two San Francisco Fed researchers. Their findings suggest the impact of trade ...

Federal Reserve Chair Jerome Powell has now said out loud what many economists have argued for years: the recent burst of inflation was largely made in Washington, driven by President Donald Trump's ...

NBER finds tariffs raised inflation 0.7 points, adding pressure to American budgets. Money; Getty Images It’s well established that increased tariffs lead to short-term price hikes on certain goods ...

A new working paper written by two researchers at the Federal Reserve Bank of San Francisco's Economic Research Department argues that tariffs can lead to lower inflation, albeit with the consequence ...

A new analysis from the Federal Reserve Bank of San Francisco examined the impact of tariffs on the economy based on historical examples, finding that the effect of import taxes on inflation and ...

The Treasury market in 2025 had its best year since 2020 as US trade policy shifts curtailed economic activity and the ...

Inflation eased its grip on the American consumer in November, with prices rising 2.7% from a year earlier, the Labor Department said in a Dec. 18 report. The annual inflation rate had crept as high ...

From sweeping tax legislation and aggressive trade policy to rising borrowing costs and legal challenges, Trump’s first year ...