Consumer spending came in much higher than expectations, but because the figures aren’t adjusted for inflation, the increase could indicate either more sales volume or higher prices.

“Many firms passed on at least a portion of cost increases to consumers through price hikes or surcharges, although some held off raising prices because of customers’ growing price sensitivity, resulting in compressed profit margins,” according to the Fed’s latest Beige Book survey.

Shortly after the Supreme Court ruled on behalf of employees in the Cornell University excessive fees case, a similar suit was filed by Stifel employees over its profit-sharing 401(k) plan.

After months of U.S. officials raving about Mexico’s cooperation on issues around border security, Trump threatened a 30% import tax—barely lower than the 35% rate faced by Canada, which has taken a much more confrontational tone with Trump while Mexico played nice.