Reported about 7 hours ago
In a recent discussion on Yahoo Finance, senior columnist Rick Newman examined the June Consumer Price Index (CPI) and its connection to President Trump's tariffs. The analysis revealed a rise in inflation for specific product categories heavily reliant on imports, such as appliances and toys, suggesting the tariffs are influencing price increases. Although June's inflation rate was recorded at 2.7%, economists predict it could rise to around 3.5% to 4%, which presents a political challenge for Trump as he navigates voter perceptions amidst inflation concerns.
Source: YAHOO