|
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 Consumer Price Index rose 2.7 percent from a year ago, as the global trade war started to bite.
|
|
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.
|
|
Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
|
|
Buying a stock that has just split generally pays off but in some years it's a losing move; one of the big results of the election could wind up being the fate of corporate stock buybacks, low oil prices could help pipeline operators boost the value of existing infrastructure.
|
|
