Latest news with #rush
The Herald Scotland
4 hours ago
- Politics
- The Herald Scotland
Immigration crackdown leads to chaotic scenes as ICE touts arrests
Immigration authorities raided a popular San Diego Italian restaurant before the Friday dinner rush, arresting several kitchen workers, while community members confronted agents, according to video shared by a local CBS station. As heavily armed agents entered the restaurant, local residents screamed at them and filmed the scene. The agents wore tactical gear, including bulletproof vests emblazoned with the Homeland Security Investigations logo. "The agents fired sound grenades, flash-bang grenades, at the crowd," Pedro Rios, director of the Quaker American Friends Service Committee's U.S.-Mexico Border Program, told CBS. Todd Lyons, acting director of U.S. Immigration and Customs Enforcement, told FOX News that agents were doing their law enforcement duty during the raid. "We should be supported, not being called Nazis, not being villainized," he said. Immigrants arrested at scheduled hearings Earlier last week, ICE agents were seen arresting immigrants directly after their scheduled immigration hearings at a San Antonio, Texas, courthouse - doubling down on a tactic that has caused an outcry among immigrant advocates. "Families are being targeted at their most vulnerable time - attending their scheduled immigration hearings for what they believe to be progress in their cases," according to a statement by the Immigrant Legal Resource Center. The statement links to a video that appears to show ICE agents arresting a mother alongside four children inside the courthouse, including a minor with his hands zip-tied behind his back. Another video outside the same courthouse, undated but posted Friday, May 30, by advocacy group Unidos Podemos, showed the emotional scene of two mothers and a child being loaded by plainclothes agents into the narrow chamber of a vehicle outfitted to carry prisoners. The child stands on the bumper, his arms outstretched. He says in Spanish, "It's OK, Mom, I'm here. It's OK." ICE publicizes criminal arrests during crackdown ICE, which has a significant social media presence, has largely refrained from sharing emotional or chaotic arrest videos and instead posts mugshots of arrested immigrants with serious criminal records. The agency publicized its recent arrests of a Honduran man facing burglary and sexual battery charges, a convicted sex offender from El Salvador and a Venezuelan woman convicted of felonies in California and wanted on other charges in New York.
RTÉ News
3 days ago
- Business
- RTÉ News
US consumer spending slows in April; inflation rises moderately US consumer spendi
US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.2% last month after an unrevised 0.7% jump in March, the Commerce Department's Bureau of Economic Analysis said today. Economists polled by Reuters had forecast consumer spending climbing 0.2%. Pre-emptive buying of goods ahead of President Donald Trump's sweeping import tariffs helped to push spending higher in the previousmonth. Most of the tariffs have been implemented though higher duties on goods have been delayed until July. Duties on Chinese imports have been slashed to 30% from 145% until mid-August. Economists have argued that Trump's aggressive trade policy will sharply slow economic growth this year and boost inflation, concerns echoed by Federal Reserve officials. Minutes of the Fed's May 6-7 meeting published on Wednesday noted "participants judged that downside risks to employment and economic activity and upside risks to inflation had risen, primarily reflecting the potential effects of tariff increases." The Fed has kept its benchmark overnight interest rate in the 4.25%-4.5% range since December. A US trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court yesterday, adding another layer of uncertainty over the economy's outlook. The economy by all measures contracted at a 0.2% annualised rate in the first quarter after growing at a 2.4% pace in the October-December quarter. With the exception of trade data, most official economic reports are yet to show the negative effects of tariffs in a significant way, though sentiment surveys have deteriorated. Economists expect the hit could become evident in June data. US inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price Index rose 0.1% last month after being unchanged in March, the BEA said. In the 12 months to April, PCE prices increased 2.1% after advancing 2.3% in March. Stripping out the volatile food and energy components, the PCE price index gained 0.1% last month. That followed a similar rise in the so-called core PCE inflation in March. In the 12 months to April, core inflation rose 2.5% after climbing 2.7% in March. The Fed tracks the PCE price measures for its 2% inflation target. Economists expect US inflation to accelerate this year as tariffs raise goods prices. Consumers' one-year inflation expectations have soared. The Fed minutes on Wednesday showed some policymakers assessed that the surge in short-term inflation expectations "could make firms more willing to raise prices." They also saw a risk that longer-term inflation expectations "could drift upward, which could put additional upward pressure on inflation."
Mint
3 days ago
- Business
- Mint
US consumer spending slows to 0.2% in April while inflation sees moderate jump
US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an unrevised 0.7% jump in March, the Commerce Department's Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending climbing 0.2%. Pre-emptive buying of goods ahead of President Donald Trump's sweeping import tariffs helped to push spending higher in the prior month. Most of the tariffs have been implemented though higher duties on goods have been delayed until July. Duties on Chinese imports have been slashed to 30% from 145% until mid-August. Economists have argued that Trump's aggressive trade policy will sharply slow economic growth this year and boost inflation, concerns echoed by Federal Reserve officials. Minutes of the U.S. central bank's May 6-7 meeting published on Wednesday noted "participants judged that downside risks to employment and economic activity and upside risks to inflation had risen, primarily reflecting the potential effects of tariff increases." The U.S. central bank has kept its benchmark overnight interest rate in the 4.25%-4.50% range since December. A U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday, adding another layer of uncertainty over the economy's outlook. The economy by all measures contracted at a 0.2% annualized rate in the first quarter after growing at a 2.4% pace in the October-December quarter. With the exception of trade data, most official economic reports are yet to show the negative effects of tariffs in a significant way, though sentiment surveys have deteriorated. Economists expect the hit could become evident in June data. Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price Index rose 0.1% last month after being unchanged in March, the BEA said. In the 12 months through April, PCE prices increased 2.1% after advancing 2.3% in March. Stripping out the volatile food and energy components, the PCE price index gained 0.1% last month. That followed a similar rise in the so-called core PCE inflation in March. In the 12 months through April, core inflation rose 2.5% after climbing 2.7% in March. The Fed tracks the PCE price measures for its 2% inflation target. Economists expect inflation to accelerate this year as tariffs raise goods prices. Consumers' one-year inflation expectations have soared. The Fed minutes on Wednesday showed some policymakers assessed that the surge in short-term inflation expectations "could make firms more willing to raise prices." They also saw a risk that longer-term inflation expectations "could drift upward, which could put additional upward pressure on inflation." (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)
Yahoo
3 days ago
- Business
- Yahoo
US consumer spending slows in April; inflation rises moderately
WASHINGTON (Reuters) -U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an unrevised 0.7% jump in March, the Commerce Department's Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending climbing 0.2%. Pre-emptive buying of goods ahead of President Donald Trump's sweeping import tariffs helped to push spending higher in the prior month. Most of the tariffs have been implemented though higher duties on goods have been delayed until July. Duties on Chinese imports have been slashed to 30% from 145% until mid-August. Economists have argued that Trump's aggressive trade policy will sharply slow economic growth this year and boost inflation, concerns echoed by Federal Reserve officials. Minutes of the U.S. central bank's May 6-7 meeting published on Wednesday noted "participants judged that downside risks to employment and economic activity and upside risks to inflation had risen, primarily reflecting the potential effects of tariff increases." The U.S. central bank has kept its benchmark overnight interest rate in the 4.25%-4.50% range since December. A U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday, adding another layer of uncertainty over the economy's outlook. The economy by all measures contracted at a 0.2% annualized rate in the first quarter after growing at a 2.4% pace in the October-December quarter. With the exception of trade data, most official economic reports are yet to show the negative effects of tariffs in a significant way, though sentiment surveys have deteriorated. Economists expect the hit could become evident in June data. Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price Index rose 0.1% last month after being unchanged in March, the BEA said. In the 12 months through April, PCE prices increased 2.1% after advancing 2.3% in March. Stripping out the volatile food and energy components, the PCE price index gained 0.1% last month. That followed a similar rise in the so-called core PCE inflation in March. In the 12 months through April, core inflation rose 2.5% after climbing 2.7% in March. The Fed tracks the PCE price measures for its 2% inflation target. Economists expect inflation to accelerate this year as tariffs raise goods prices. Consumers' one-year inflation expectations have soared. The Fed minutes on Wednesday showed some policymakers assessed that the surge in short-term inflation expectations "could make firms more willing to raise prices." They also saw a risk that longer-term inflation expectations "could drift upward, which could put additional upward pressure on inflation." Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
US consumer spending slows in April; inflation rises moderately
WASHINGTON (Reuters) -U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an unrevised 0.7% jump in March, the Commerce Department's Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending climbing 0.2%. Pre-emptive buying of goods ahead of President Donald Trump's sweeping import tariffs helped to push spending higher in the prior month. Most of the tariffs have been implemented though higher duties on goods have been delayed until July. Duties on Chinese imports have been slashed to 30% from 145% until mid-August. Economists have argued that Trump's aggressive trade policy will sharply slow economic growth this year and boost inflation, concerns echoed by Federal Reserve officials. Minutes of the U.S. central bank's May 6-7 meeting published on Wednesday noted "participants judged that downside risks to employment and economic activity and upside risks to inflation had risen, primarily reflecting the potential effects of tariff increases." The U.S. central bank has kept its benchmark overnight interest rate in the 4.25%-4.50% range since December. A U.S. trade court on Wednesday blocked most of Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday, adding another layer of uncertainty over the economy's outlook. The economy by all measures contracted at a 0.2% annualized rate in the first quarter after growing at a 2.4% pace in the October-December quarter. With the exception of trade data, most official economic reports are yet to show the negative effects of tariffs in a significant way, though sentiment surveys have deteriorated. Economists expect the hit could become evident in June data. Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs. The Personal Consumption Expenditures (PCE) Price Index rose 0.1% last month after being unchanged in March, the BEA said. In the 12 months through April, PCE prices increased 2.1% after advancing 2.3% in March. Stripping out the volatile food and energy components, the PCE price index gained 0.1% last month. That followed a similar rise in the so-called core PCE inflation in March. In the 12 months through April, core inflation rose 2.5% after climbing 2.7% in March. The Fed tracks the PCE price measures for its 2% inflation target. Economists expect inflation to accelerate this year as tariffs raise goods prices. Consumers' one-year inflation expectations have soared. The Fed minutes on Wednesday showed some policymakers assessed that the surge in short-term inflation expectations "could make firms more willing to raise prices." They also saw a risk that longer-term inflation expectations "could drift upward, which could put additional upward pressure on inflation." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
