The Consumer Price Index is expected to reflect an uptick in inflation as companies increase prices as a result of President Trump’s tariffs.
Category: Inflation (Economics)
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Trump Tariffs Spur Layoffs and Price Increases as Companies Face Tough Choices
Businesses that had been in a holding pattern during President Trump’s evolving trade war are starting to plan ahead with more conviction.
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Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
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Disney, McDonald’s and the State of the U.S. Economy
The effects of President Trump’s trade war on households are expected to be a big focus in earnings calls held by major consumer-facing companies.
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Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.
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Key Inflation Measure Rose in June, Adding to Pressure on Fed
The price index was the latest indication that President Trump’s tariffs are beginning to show up in consumer prices.
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Trump’s Fight With the Fed Won’t End With Rate Cuts
President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.
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Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
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Cuts to Data Collection May Erode Reliability of Economic Statistics
The Bureau of Labor Statistics is reducing or ending the collection of data that is used to calculate the Consumer Price Index.
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Who Pays in Trump’s Trade War?
Whether tariffs drive up prices could have significant implications for the Federal Reserve.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.