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Inflation heats up in June as President Trump's tariffs start to bite
The president has imposed tariffs of at least 10% on nearly everything the U.S. imports, with higher taxes on goods from China. Trump has threatened to impose even higher taxes on goods from many countries, beginning on Aug. 1. The average tariff on imported goods is now the highest it's been since the Great Depression.
U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices
The June data still reflects only the initial impact of Mr. Trump’s global trade war. Economists expect price pressures to intensify over the coming months, especially if new tariffs the president has threatened against the European Union and a host of other countries in recent days are imposed on Aug. 1 as planned.
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting ...
Inflation and tariff worries sent shares of Wall Street’s most valuable companies sharply lower, with Apple losing 2.7%, Microsoft down 3% and Amazon falling over 4%.
The headline inflation reading falling below 3% for the first time since 2021 is incredible. The fact that inflation has fallen to 2.9% from over 9% in just two years, without causing a recession ...
What contributed to February's cooling inflation 02:23. Inflation in February rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes ...
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