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Inflation accelerated in June as the Fed weighs the impact of tariffs in rate cut timing
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
Hotter Inflation In June Will Likely Keep Fed Monetary Policy Steady For The Near Term
What is clear is that the current 4.33% median Fed funds target rate remains well above the inflation trend. Even after the acceleration in consumer prices in June, the policy rate is roughly 1.4 percentage points above headline CPI’s one-year change – close to the biggest gap post-pandemic.
Inflation Crushes Hopes That Federal Reserve Will Cut Interest Rates in July
Key Takeaways Inflation rose in June, moving further from the Federal Reserve's goal of 2% each year.This flare of inflation will likely discourage the Fed from cutting its influential interest rate later this month.
US Dollar holds firm as Trump walks back threat to remove Fed Chair Powell
The US Dollar holds firm as US President Donald Trump walks back the threat to remove Fed Chair Jerome Powell.
Public Broadcasting Service (PBS)1d
How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
Former NEC Director Gary Cohn on state of the economy, Trump's tariff agenda & Fed's inflation fight
Gary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, joins 'Squawk Box' to discuss the state of the economy, June's CPI data, President Trump's tariff agenda,
Traders stick to bets on September Fed rate cut after inflation report
The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in consumer prices last month.
Inflation is finally supposed to show a tariff-related increase. The Fed still might cut interest rates anyway.
Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as this week.
Stocks sell off as investors see Trump’s inflation ‘pipeline’ forcing the Fed to hold off on interest rate cuts
Inflation is up, stocks are down, and more tariffs are on their way. Trump wants interest rates to come down but the direction of travel is making it less likely that the Fed will deliver the cuts he wants. It’s not clear whether Trump can extract himself from the policy cycle he has created.
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