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The weighted average U.S. tariff rate has surged to 13.5% on all imports, the highest since 1946, as the effective rate reaches 9.9% and reshapes consumer prices across the economy.
US customs revenue nearly tripled to $287 billion in 2025, the largest tariff collection in American history. Economists say most of the cost has been passed through to consumers.
The NFIB Small Business Optimism Index rose to 99.5 in December while uncertainty fell to its lowest since June 2024, signaling Main Street confidence heading into 2026.
Social Security benefits increase 2.8% in January 2026, adding about $56 per month to the average check. Here's the full breakdown of changes affecting 75 million Americans.
Hybrid vehicle sales surged more than 60% year over year in January 2026 as consumers chose the middle path between gasoline and full electric, reshaping the American auto industry's strategy.
The personal savings rate dropped to 3.6% in December as wages grew just 0.2%, the slowest in seven months, revealing an American consumer economy increasingly reliant on credit and wealth effects.
The January PPI report lands today with analysts expecting a pullback from December's 0.5% surge, but 25% tariffs on Canada and Mexico starting March 4 could reignite wholesale price pressures.
Wells Fargo has cut its workforce by 25% since 2020, from 275,000 to roughly 210,000 employees, with new layoffs in February targeting loan servicing roles that AI and automation can handle.
Earnings from Walmart, Lowe's, TJX, and CAVA all reveal the same pattern: affluent consumers are spending freely while lower and middle-income Americans cut back, trade down, and stretch budgets.
Despite the Supreme Court striking down Trump's IEEPA tariffs, economists say prices won't fall. The average household still faces $800 in tariff costs under Section 122, with the effective rate at 9.1%.
Walmart reported general merchandise inflation above 3% in Q4, driven by tariffs on electronics, appliances, and furniture. The retailer warned it will pass costs to consumers as Target's sales decline.
TJX Companies reports Q4 fiscal 2026 earnings with analysts expecting $1.38 EPS and $17.4 billion in revenue as tariffs strengthen the off-price retail model.