Stabilizing trade policy appears to have alleviated U.S. consumers’ concerns over inflation and the labor market, according to data from the Federal Reserve Bank of New York.
Following President Donald Trump’s April 2 tariffs announcement that upended international trade, business and consumer confidence surrounding prices, employment, and the broader economy deteriorated. However, a significant trade deal with the UK and a 90-day tariff pause with China may have assuaged these concerns.
