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June CPI: Fed still needs 'reassurance' to cut rates
The latest Consumer Price Index (CPI) data came in hotter than expected, with inflation rising 2.6% in June, higher than the 2.4% seen in May but lower than the 2.7% economists expected. Investors weigh whether President Trump's tariff policy is fueling inflation in the US economy and what it means for the Federal Reserve.
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after ...
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
Businesses across the economy are passing increased input costs from tariffs along to consumers in the form of higher prices, ...
The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.
The Federal Reserve looks to be in the clear to cut rates in September, given easing inflation data from the shelter component of June's CPI, according to Tani Fukui, senior director of global ...
The CPI rose 0.3% month-over-month in June, accelerating from May’s 0.1% pace. Year-over-year inflation also jumped to 2.7%, ...
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