A series of better-than-expected economic indicators, including the recent inflation report, suggest a resilient economy. Economists had anticipated that President Trump’s policies, particularly those related to trade, would weaken growth and increase consumer prices. However, the timing and extent of these impacts remain uncertain. For instance, the May Consumer Price Index was lower than expected, and U.S.-China trade tensions have eased. Treasury Secretary Scott Bessent reported higher tax receipts in May compared to the previous year. Stock prices are nearing record levels. Businesses are depleting inventories brought in before tariffs took effect, which has temporarily shielded consumers from price hikes. While some warning signs exist, such as a bond market sell-off, the economy has so far adjusted to significant shocks without major disruptions.
— new from Axios
