But some economists predict Americans will feel the pain – at least in the short term – and low-income Americans most of all. Start the day smarter. Get all the news you need in your inbox each morning.

The Trump administration's recent executive order introduces a new ad valorem tariff on imports, sparking concerns about its effects on trade agreements with Canada and Mexico.

After several years of consistent mortgage rate increases and soaring home prices, the prognosis for the 2025 housing market seemed promising at the start of the the year. However, recent economic and political instability has cratered consumer confidence and homebuyer optimism.