Economic Indicator

Tariffs can increase revenue and protect domestic industry, but achieving the latter goal takes time and will require domestic manufacturers to find different sources of materials in the short term.

Christopher Waller said the tariffs could also drag down the economy as higher prices reduce spending, rippling into business investment.

Spending from consumers largely held up in the face of concerns of a recession or that it would just drop off, but there’s a limit to how much people are willing to shoulder higher costs.

A new data dashboard from Facebook reveals the trends of how small businesses posted during the pandemic, a new measure of how they communicated since March 2020.