This past spring, Eric Bauer bought the Turner Hat Company, but looming tariffs have thrown a wrench in his plans for the company in 2025.
The University of Michigan survey was done before Election Day. Optimism about future economic conditions is at best level in nearly four years.
Here’s what tariffs on goods from China and elsewhere have already meant for businesses and consumers since his first term.
Candy companies are producing more gummy and chewy treats, saving money and appealing to the tastes of younger consumers.
Generally once prices rise, they don’t go back down.
Natalie Adams in Everett, Washington finds her job as producer clerk “absolutely gratifying.”
Airline tickets and eating out cost more in August than July. But price gains are easing in other previously sticky industries.
While you might expect the cost of a meal to end in “99,” some businesses use unusual pricing to ensure they get the profit margins they want.
Price-sensitive shoppers are buying fewer or lower-quality items and retailers are offering discounts, according to the Beige Book.
For restaurants and retailers in particular, it can lead to something the Federal Reserve’s Beige Book calls “lumpy” pricing.