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June CPI: Fed still needs 'reassurance' to cut rates
The latest Consumer Price Index (CPI) data came in hotter than expected, with inflation rising 2.6% in June, higher than the 2.4% seen in May but lower than the 2.7% economists expected. Investors weigh whether President Trump's tariff policy is fueling inflation in the US economy and what it means for the Federal Reserve.
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
While pundits looked with their magnifying glasses for tariffs in consumer goods prices, it was in services, which are not ...
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after ...
Initial early gains following the June data were reversed as pass-through effects from tariffs stoke concerns.
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
June's uptick in consumer prices likely gives the Fed room to stay on hold as uncertainty over tariffs clouds the timing of ...
The CPI rose 0.3% month-over-month in June, accelerating from May’s 0.1% pace. Year-over-year inflation also jumped to 2.7%, ...
Investor's Business Daily on MSN3d
CPI Inflation Due; Tariff Escalation, Bid To Oust Fed Chief Powell Raise S&P 500 Stakes (Live Coverage)The consumer price index for June is expected to show that Trump tariffs began to nudge inflation higher last month.
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