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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 new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US ...
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product ...
Inflation is moving higher and the impact of tariffs are only beginning to show up in government data, likely keeping ...
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later ...
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade ...
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
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