Weak US retail sales, manufacturing output point to softening economy

President Trump’s shifting tariff policies have created economic uncertainty, hindering business planning. The Fed is expected to keep interest rates steady at 4.25%-4.50% while assessing the impact of tariffs and Middle East tensions. Economist Michael Pearce noted tariffs are delaying big purchases like autos and may soon hurt consumer spending, predicting a sharper slowdown in the year’s second half as real disposable incomes take a hit.

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United States

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