Inflation surged in Jun. amid tariffs
Digest more
Trump, tariff and Trade Deals
Digest more
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
Current tariff collections equate to 0.1% monthly inflation, aligning with recent CPI data. See why I’m skeptical that tariffs will lead to widespread inflation.
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.
Consumer prices rose faster than in May, a potential sign that companies are starting to pass tariff costs on to consumers.
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar.
A whiff of tariff inflation showed up in economic data this week, providing the first clues of how tariff policy might impact prices and the economy.