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Inflation Rose to 2.7% in June as Housing Costs Soared and Trump's Tariffs Kicked In
The prices for food at home rose 0.3 in June, while food away from home, meaning restaurants, ticked up 0.4% on a monthly basis. Notably, the Trump administration has recently imposed a 17% tariff on Mexican tomatoes. The energy index edged up 0.9% in June, as gasoline prices jumped 1% over the month but shed 7.9% for the year.
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later ...
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker ...
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s bid to assert control over the Federal ...
Market-based measures of future inflation are rising to worrisome levels last seen three months ago, with some strategists ...
P resident Donald Trump responded to the acceleration of consumer price inflation with a renewal of his demand for the ...
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a ...
Inflation is up, stocks are down, and more tariffs are on their way. Trump wants interest rates to come down but the direction of travel is making it less likely that the Fed will deliver the cuts he ...
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‘Who Do You Work For?’ Trump Interrogates Reporter Who Confronted Him Over InflationPresident Donald Trump interrogated a reporter who confronted him about the effects of his policies on rising inflation, ...
J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut ...
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