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Inflation Rose to 2.7% in June as Housing Costs Soared and Trump's Tariffs Kicked In
The prices for food at home rose 0.3 in June, while food away from home, meaning restaurants, ticked up 0.4% on a monthly basis. Notably, the Trump administration has recently imposed a 17% tariff on Mexican tomatoes. The energy index edged up 0.9% in June, as gasoline prices jumped 1% over the month but shed 7.9% for the year.
Key Takeaways The Michigan Consumer Sentiment survey increased to 61.8 in the preliminary July results, its highest level ...
But, for now at least, a steady if unspectacular job market and a stock market hitting new highs appears to be enough to keep ...
U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
The University of Michigan's Survey of Consumers for July showed overall sentiment rose 1.8% from June to 61.8, exactly in line with the estimate and at the highest since February. On inflation, the ...
Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses ...
The deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but a new report has nonetheless shown ...
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a ...
The Indian rupee is set to open weaker on Wednesday after June U.S. inflation data hinted at tariff-driven price pressures, ...
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