Inflation, April and tariffs
Digest more
Thai consumer confidence dropped for a third straight month in April, hitting its lowest level in seven months due to concerns over U.S. tariffs and a slow domestic economic recovery, a survey showed on Thursday.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Canadians road tripping to the US declined even more in April, according to government data.The number of Canadian residents visiting the US by plane also declined, the data suggested.Canadians have been avoiding US travel in response to Trump's policies on tariffs and annexation.
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,
Inflation rose less than expected in April, as prices rose 2.3% over the year, down from 2.4% in March. Prices for gas and groceries fell, but housing and eating at restaurants got more expensive. Inflation was slightly milder than forecasters had expected, before consumers faced the full brunt of President Donald Trump's import taxes.
Explore more
The April jobs report may reveal a mixed picture. Some industries have maintained hiring plans despite tariffs while others are scaling back.
Australian employment blew past expectations in April in a sign of strength that lessens the need for aggressive stimulus, but markets still expect an interest rate cut next week as slowing inflation allows policymakers to respond to rising global risks.