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How Trump’s Tariffs Are Driving Up Prices for US Consumers
After months of subdued readings, U.S. inflation picked up speed in June, reaching its highest level since February. The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics indicates that tariffs and supply chain costs are beginning to ripple more broadly through the economy.
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.
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1 in 5 Americans Are Stockpiling Due to Inflation Concerns. Should You?Inflation continues to shape how Americans shop, save, and spend. Even as overall prices cool slightly, everyday essentials ...
Inflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a ...
Still, US inflation climbed from 2.4% to 2.7%, and it is expected to rise further into the end of the year. Inflation hedges ...
Gold prices fell after U.S. data showed inflation picked up in June as expected, potentially signaling companies are starting to pass on tariff costs to consumers.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the ...
It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is ...
US consumer inflation accelerated in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs ...
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Inflation Increased In June For Second Straight MonthDespite the inflation increase, President Trump celebrated the data, highlighting "Very Low Inflation" and urging the Federal Reserve to cut interest rates by 3 percentage points.
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