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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.
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 ...
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade ...
Monetary policymakers have held off on lower interest rates for months, citing the risk of tariff-induced inflation. Several ...
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Escalating import tariffs are beginning to show up in the prices that consumers pay. The President has backtracked on his promise to release government's files on sex offender Jeffrey Epstein, and the ...
A new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US ...
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