producer price index, tariffs and inflation
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Trump, Tariff
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American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, prompting markets to scale back bets of Federal Reserve rate cuts and pushing the dollar and U.
Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May.
After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as companies started to pass along the higher cost of imported merchandise associated with tariffs.
Tariff revenues surged dramatically, yet so far, there’s been minimal impact on CPI or core goods inflation. Click here for more information on the US Economy.
June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.
President Donald Trump announced that the U.S. will send "top-of-the-line weapons" to Ukraine via NATO countries, in a package expected to include Patriot air defense batteries. He also threatened Russia with "severe tariffs" of up to 100% if there isn't a deal to end the war in Ukraine within 50 days,
Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures. Consumer prices rose 2.7% in June from a year earlier,