Charting the global economy: US inflation picks up before tariffs

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Charting the global economy: US inflation picks up before tariffs - Economic Times

Quick Summary:

Consumer spending in the US remained subdued in February while the core personal consumption expenditures price index rose to 2.8%.

President Trump’s looming tariffs on April 2 have added uncertainty, affecting both domestic and international economies with Canada and several other nations reacting by adjusting their own economic policies.

Australia’s center-left government unveiled an unexpected tax cut and an extension of energy rebates in a pre-election budget designed to sooth voters’ cost-of-living concerns and help secure Prime Minister Anthony Albanese a second term in office.