Inflation surged in Jun. amid tariffs
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A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
Inflation is moving higher and the impact of tariffs are only beginning to show up in government data, likely keeping interest rates on hold.
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, prompting markets to scale back bets of Federal Reserve rate cuts and pushing the dollar and U.
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.
Current tariff collections equate to 0.1% monthly inflation, aligning with recent CPI data. See why I’m skeptical that tariffs will lead to widespread inflation.
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CNET on MSNWith Trump's Tariffs Linked to Inflation, I'm Tracking 11 Key Products for Price MovesThe deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but a new report has nonetheless shown that inflation is once again on the rise.
A whiff of tariff inflation showed up in economic data this week, providing the first clues of how tariff policy might impact prices and the economy.