Trump, Inflation and Consumer Price Index
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Inflation, June
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June inflation hit 2.7% as tariffs bite. See why excess liquidity, new Fed pressure, and policy risks could fuel more inflation in the coming months.
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
The report on producer prices adds to a mixed picture for inflation as the economy adjusts to the imposition of import tariffs.
Consumer prices rose at a quicker rate in June, breaking a months-long streak of cooling inflation, the Labor Department said on Tuesday. Why it matters: The data will likely concern economic policymakers,
Inflation jumped last month hitting its highest mark in months amid Trump’s tariffs threat - Inflation rose 0.3 percentage points in the last month and 2.7 percent in the past year