Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product categories made up primarily of imports. But, they added, overall price increases owed largely to a rise in housing and food products with little connection to tariffs.

The June consumer price index will be the latest glimpse into whether tariffs are having an effect on consumer prices.

The U.S. economy has defied dire predictions so far this year. Many economists see growth slowing – and tariff-driven inflation – but not a recession.

The Pulse speaks with an economics professor about how tariffs are impacting inflation & the economy. Plus, the General Manager of WGVU discusses the impact funding cuts to the Corporation for Public Broadcasting could have in our state.

A fresh report on Tuesday marked two consecutive months of rising inflation. Consumer prices rose 2.7% in June compared to a year ago, marking a notable surge of price increases as President Donald Trump's tariff policy took hold and some retailers warned they may pass some of the tax burden onto shoppers.

WSJ’s Take On the Week co-host Telis Demo talks with Seth Carpenter, Morgan Stanley's chief global economist, about where we are in the fight against inflation and what that means for the stock market,

After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as companies started to pass along the higher cost of imported merchandise associated with tariffs.

“While any tariff induced boost to inflation is likely to be short-lived, with higher tariffs being announced it would be wise for the Fed to remain on the sidelines for a few more months at least,” said Seema Shah, chief global strategist at Principal Asset Management.

Mark Zandi, chief economist of Moody’s Analytics, joins WSJ’s Take On the Week podcast to explain how recent politics is affecting the economy, recession fears and consumer sentiment.