Trump tariffs push up inflation despite pressure on Fed to cut rates PoliticoHere's how Trump's tariffs could be impacting prices for US consumers CNNRising Inflation Underscores Risks in Trump's New Tariff Threats The New York TimesInflation picks up again in June, rising at 2.7% annual rate CNBC
The Labor Department's consumer price index for June showed overall inflation rose 2.7 percent from June 2024. That's up from a 2.4 percent pace in May.
Inflation in June showed scattered signs of rising costs tied to the Trump tariffs, but Americans simply aren't paying sharply higher prices because of U.S. trade wars. Here are four things we learned from the latest consumer-price index report.
