Reported about 11 hours ago
In June 2025, inflation picked up, with the Consumer Price Index (CPI) rising by 2.7% year-over-year, influenced by a reversal in falling gas prices and concerns surrounding President Trump's tariffs on various imports. As tariffs start to affect consumer prices, markets anticipate the Federal Reserve to maintain interest rates steady due to uncertainties regarding future inflation effects. Meanwhile, certain categories, such as apparel and furniture, experienced price increases, indicating that tariff-related pressures are beginning to trickle down to consumers.
Source: YAHOO