Trump’s tariff shock and its implications for global goods and capital mobility have reset the clock. What did the global economy look like before this? Turns out it was doing pretty well.

American consumers see higher inflation in the year ahead and are growing more anxious about their future jobs prospects, according to a monthly survey from the Federal Reserve Bank of New York.

With worldwide tariffs in full force, domestic job creation may slow. One expert says global hiring is the most strategic employer response.