US inflation rose
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Trade policy uncertainty, rising costs and soft demand weigh on freight and manufacturing, despite modest rebounds in production and shipping activity.
Tariff revenues surged dramatically, yet so far, there’s been minimal impact on CPI or core goods inflation. Click here for more information on the US Economy.
US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,
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Barchart on MSNTariffs, Inflation and Other Key Things to Watch this WeekMarkets enter the heart of earnings season with the S&P 500 ($SPX) (SPY) facing a critical test as major financial institutions kick off quarterly results amid escalating trade tensions. President Trump's Saturday announcement of 30% tariffs on the European Union and Mexico,
U.S. producer prices remained unchanged in June, influenced by tariff-driven shifts. While goods costs rose, service prices softened, offering hope against widespread inflation. The Federal Reserve might keep interest rates steady amid these dynamics,
Food prices have risen a bit faster than overall inflation lately, putting pressure on consumers. Three midyear supermarket trends to watch.
June’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data.
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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.
While the final COLA won’t be announced until October, projections are becoming more refined as midyear data solidifies. This article originally appeared here and was republished with permission.
Many assume tariffs will cause inflation. Economic theory also supports the opposite view — exchange rate shifts may offset price increases. It's a major Known Unknown.