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EPISODE · May 18, 2026 · 5 MIN

Tariff Refunds Land, April Inflation Runs Hot, and NFIB Optimism Stays Fragile

from Main Street Briefing · host MainStreet Media

The first wave of tariff refunds is finally hitting business bank accounts — $35.46 billion finalized as of May 11 — but small importers are still locked out of the CAPE portal while Costco and FedEx file freely. April CPI came in at 3.8%, the hottest annual reading since May 2023, with services jumping the most in three years as tariff costs flow through to prices. And NFIB's May 13 reading held below the 52-year average for a second straight month. Three stories, five minutes, done.

What this episode covers

The first wave of tariff refunds is finally hitting business bank accounts — $35.46 billion finalized as of May 11 — but small importers are still locked out of the CAPE portal while Costco and FedEx file freely. April CPI came in at 3.8%, the hottest annual reading since May 2023, with services jumping the most in three years as tariff costs flow through to prices. And NFIB's May 13 reading held below the 52-year average for a second straight month. Three stories, five minutes, done.

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Tariff Refunds Land, April Inflation Runs Hot, and NFIB Optimism Stays Fragile

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Frequently Asked Questions

How long is this episode of Main Street Briefing?

This episode is 5 minutes long.

When was this Main Street Briefing episode published?

This episode was published on May 18, 2026.

What is this episode about?

The first wave of tariff refunds is finally hitting business bank accounts — $35.46 billion finalized as of May 11 — but small importers are still locked out of the CAPE portal while Costco and FedEx file freely. April CPI came in at 3.8%, the...

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