内容摘要：Traynor was a board member of the North Dakota Catholic Conference, which represents the state’s Catholic bishops, according to a Senate Judiciary Committee judicial nominee

Traynor was a board member of the North Dakota Catholic Conference, which represents the state’s Catholic bishops, according to a Senate Judiciary Committee judicial nominee

“We had a good jobs report. We had a cool inflation report, and that’s great,” said Ernie Tedeschi, director of economics at Yale University’s Budget Lab. “But that should not give us comfort about what next month will be, particularly on inflation.’’last week that prices will be going up for everything from clothing to car seats. Prices for some items like bananas have already increased.

dramatically reduced the risks to the U.S. economy, and U.S. and globalin relief. The United States dropped the import tax that Trump angrily imposed on China – America’s third-biggest source of imports – from an eye-watering 145% to 30%; Beijing cut its retaliatory tariffs from 125% to 10%. Economists at JPMorgan Chase, who had forecast last month that the China tariffs made a recession likely, don’t expect one now.People shop at a party supply store in the Toy District of Los Angeles on April 9, 2025, where the majority of items are imported from China. (AP Photo/Jae C. Hong, File)

People shop at a party supply store in the Toy District of Los Angeles on April 9, 2025, where the majority of items are imported from China. (AP Photo/Jae C. Hong, File)But even with the lower levies on China, the Yale Budget Lab reported that the cost of Trump’s trade war will be high. Climbing prices will reduce the purchasing power of the average household by $2,800. Shoe prices will rise 15% and clothing 14%. The tariffs will shave 0.7 percentage points off U.S. economic growth this year and increase the unemployment rate — now a low 4.2% — by nearly 0.4 percentage points.

. He’s also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.

The Yale Budget Lab estimates that Trump policies will push the average U.S. tariff rate to 17.8%, highest since 1934 and up from around 2.5% when Trump took office. (Other economists put his tariff rate at 14% to 15%.) During Trump’s first term, the average tariff rose just 1 percentage point despite all the headlines generated by trade policies. Now, according to the budget lab, they are rising 15 percentage points.“Well that was.....something,” the weather service’s Chicago office wrote on X after issuing its first-ever dust storm warning for the city. Thunderstorms in central Illinois had pushed strong winds over dry, dusty farmland and northward into the Chicago area, the weather agency said.

In Missouri, St. Louis Mayor Cara Spencer said five people died, 38 were injured and more than 5,000 homes were affected in her city.“The devastation is truly heartbreaking,” she said at a news conference Saturday. An overnight curfew was to continue in the most damaged neighborhoods.

People navigate downed trees left in the wake of a severe storm moved through Friday, May 16, 2025, in St. Louis. (AP Photo/Jeff Roberson)People navigate downed trees left in the wake of a severe storm moved through Friday, May 16, 2025, in St. Louis. (AP Photo/Jeff Roberson)