Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate.“I would expect inflation,

Despite Trump’s tariffs, inflation stayed stable in May due to lower gas prices, though warning signs and Fed caution persist.

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.

A run of better-than-expected indicators — including Wednesday's inflation report — so far point to a strikingly resilient economy. Why it matters: Those waiting for signs of a tariff-wrecked economy will have to keep waiting.

While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he has touted a new "deal" with China that will see tariffs against the country remain at historic levels. Here's what it will mean for you.

Consumer sentiment improved more than expected in June, indicating a swell of optimism as President Donald Trump rolled back some tariffs in recent weeks.

Shoppers vote with their wallets – and even those who supported President Trump are having a tough time swallowing prices that are surging because of his trade war, The Post has learned. Omar — a Los Angeles-based long-haul truck driver who spoke to The Post on the condition his last name not be given — said he convinced his wife,