Inflation Rose Less Than Expected
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Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.
Consumer prices rose less than expected in May, CNBC reported, as Trump’s controversial tariffs have yet to have a significant impact on inflation. The broad consumer price index, which measures the cost of goods and services across the economy, increased 0.1% for the month, putting the annual U.S. inflation rate at 2.4%.
This week's milder-than-expected data on producer\- and consumer-price indexes for May will enable the Federal Reserve to wait for more information on how ne
Consumer prices were only slightly affected by President Donald Trump’s tariffs in May, according to new numbers from the U.S. Bureau of Labor Statistics. Wednesday’s reading shows a 0.1% rise in consumer prices in May.
U.S. stocks are drifting lower as momentum wanes from a big rally that had brought them to the brink of their record.
Investors were cheering the below-forecast inflation reading for May, but it might be premature to assume that President Donald Trump’s aggressive tariffs could have limited impact on inflation, according to Seema Shah,
Consumer prices in the US rose less than anticipated in May, with limited evidence so far that President Donald Trump's tariff measures have had a material impact on inflation.
The latest Consumer Price Index report is due to arrive at 8:30 a.m. ET, giving more insight into how inflation is faring. Meanwhile, Trump’s tariffs and the trade war continue to affect global markets.
NEW YORK (AP) — Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
The dollar was dragged lower after the US president told reporters he would send letters to trading partners outlining new tariff rates in the next couple of weeks, as the end of the 90-day pause on so-called “reciprocal” levies approaches next month.