Reported about 9 hours ago
The upcoming Consumer Price Index (CPI) for June is anticipated to reveal a faster rate of price increase compared to May, with projections of a 2.6% annual rise and a 0.3% monthly gain, influenced by President Trump's tariffs on various countries. Economists forecast a slight uptick in core inflation to 2.9%, driven by expected rebounds in car and apparel prices. As trade tensions intensify, questions arise regarding the Federal Reserve's interest rate decisions amidst uncertainties about tariffs' impacts on consumer prices.
Source: YAHOO