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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 ...
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s bid to assert control over the Federal ...
President Donald Trump swept into office in January with a promise to tackle what he called the "inflation crisis" that had ...
Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker ...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job ...
P resident Donald Trump responded to the acceleration of consumer price inflation with a renewal of his demand for the ...
Market-based measures of future inflation are rising to worrisome levels last seen three months ago, with some strategists ...
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 ...
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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