Reported about 19 hours ago
The upcoming July Consumer Price Index (CPI) report is expected to reveal an increase in annual inflation, with prices projected to rise by 2.8% year over year, compared to a 2.7% increase in June. Factors contributing to this acceleration include tariff pressures impacting consumer costs, particularly in categories like apparel and furniture. Moreover, while core inflation is forecasted to tick up to 3.0%, concerns persist regarding the overall implications for the economy and potential interest rate cuts by the Federal Reserve amid ongoing trade developments.
Source: YAHOO