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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.
The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later ...
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product ...
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade ...
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a ...
Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as ...
The inflation rate rose in May and June. Here's why opening a $10,000 short-term CD in response makes sense now.
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