Researchers found that while wealth disparities narrowed somewhat, the ability to meet debt payments deteriorated significantly.
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
Research links ICE enforcement surges to lasting declines in local spending, foot traffic and jobs. In Minneapolis, businesses are still recovering.
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