The US Bureau of Labor of Statistics will be releasing its June inflation data this Tuesday, with economists forecasting a slight uptick in consumer prices because of the impact of tariffs. FRANCE 24 spoke to Nela Richardson, Chief Economist at ADP, about the impact of import duties on US inflation. Also in this edition: the French government considers a spending freeze in a bid to find €40 billion in savings and cut the deficit.
I have an electrical contracting business, and our workload has been all over the place. Several weeks completely dead, several weeks slammed, some weeks with just a handful of service calls but no installations. Normally we’re pretty slow from January through March, but this year the slow hasn’t stopped. Anyone who says we aren’t in a recession is smoking the good stuff.
Yet I talk to friends in rural Colorado and Idaho, and they’re busier than ever.