tariff, Inflation and Kiplinger Economic Outlooks
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The U.S. dollar drew support from elevated Treasury yields on Wednesday, which in turn kept pressure on the yen after the latest U.S. inflation report showed signs that President Donald Trump's tariffs were beginning to feed into prices.
US monthly, yearly inflation see highest since January, February, respectively, led by tariffs, prompting Fed to remain cautious before cutting rates - Anadolu Ajansı
USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.
Bitcoin surged to $117,138 after June CPI showed 2.7% inflation in the US. Tariff impacts on inflation weigh on the Fed's policy outlook.
USD/JPY rallies as Trump’s tariffs hit BoJ rate hike bets. Japan inflation, trade, and US data to guide pair’s next move.
Reserve Bank governor Lesetja Kganyago says US tariffs and deflation in China are making South Africa’s inflation outlook murky, which is likely to impact the central bank’s rate decision later this month.
UBS expects the US economy to slow significantly in 2025, projecting real GDP growth to fall to around 1%. In a note to clients issued Tuesday, the bank pointed to a combination of fading fiscal support, elevated interest rates, and persistent inflation as key drivers of the expected deceleration.