Concerns about inflation have spiked to their highest level in 45 years, while consumer confidence plunged for the fourth straight month as Americans grow increasingly anxious about the economy, a new survey said.

The last time inflation expectations ran that high was in 1981, toward the end of a historic period of high prices, remembered by the Federal Reserve as The Great Inflation.

The University of Michigan’s gauge of consumer sentiment fell to 50.8 in a preliminary April reading from 57.0 in the prior month. Economists polled by the Wall Street Journal had expected an April reading of 54.

The United States inflation data sprung a surprise as America awaits a trade tariff impact with President Donald Trump exclaiming, ‘INFLATION IS DOWN!!!’ on Truth Social

President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.

Inflation cooled more than expected in March despite President Donald Trump's warnings that he would impose more tariffs. The consumer price index increased 2.4% from a year prior compared to the forecast of 2.

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging trade offensive against superpower rival China.The US leader said Thursday that the European Union was "very smart" to back off from imposing retaliatory tariffs because of his tough stance on China even as the bloc's chief warned it could tax US Big Tech.

Summers, a treasury secretary under President Bill Clinton, Trump’s action was a recognition that he was nearing a tipping point like the Suez Canal crisis in 19

U.S. wholesale prices fell last month in another sign that inflationary pressures are easing. But President Donald Trump’s trade wars cloud the outlook. The Labor Department said

Trump's sliding approval over tariffs highlights growing voter dissatisfaction with his economic policies, particularly as inflation-weary Americans feel the pinch

In the aftermath of this week’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.

In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against President Donald Trump's decision to raise duties on Chinese goods and upping the stakes in a trade war that threatens to upend global supply chains.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while

Canada and Mexico also have some goods that now have 25% tariffs attached. But that could all change in the blink of an eye, depending on our fascist president’s whims. If nothing else, Trump’s inconsistency and incredibly ridiculous rationalizations have provided an opportunity for a laugh because these were some of the most amusing memes we’ve seen this week.

Six Democratic Senators sent a letter Friday to the chair of the Securities and Exchange Commission requesting an investigation.

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

Major stock indexes and the U.S. dollar dropped on Thursday, with the S&P 500 ending down more than 3% as investors remained skittish, a day after U.S. President Donald Trump's move to temporarily lower tariffs on many countries caused a massive relief rally.