Inflation, prices
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The June consumer price index will be the latest glimpse into whether tariffs are having an effect on consumer prices.
The U.S. economy has defied dire predictions so far this year. Many economists see growth slowing – and tariff-driven inflation – but not a recession.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second quarter earnings season all come into focus after a flurry of trade activity last week.
President Trump’s tariffs have yet to reverse the disinflation trend that’s persisted since January, baffling economists and the bearish views that color the consensus narrative.
Consumer Price Index report shows that inflation rose during the month. The headline data showed an increase of 0.3% from the prior month, in line with expectations. Year over year, inflation rose 2.7%,
“We were expecting 2/10ths of 1%," Creighton University economics professor Ernie Goss said. "It was 3/10ths of 1% so that's only 1/10 of a percent more, but multiply that times 12, and you're talking about a little bit more money there.”
WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect ...
Stocks (^GSPC, ^IXIC, ^DJI) have rallied, but traders are bracing for Tuesday's Consumer Price Index (CPI) report to see if tariffs are starting to show up in inflation data. Yahoo Finance Markets Reporter Josh Schafer joins Morning Brief to outline what to watch in the June CPI print and how it could shape expectations for future Federal Reserve interest rate cuts.