The Consumer Price Index rose 2.4 percent in May, from a year ago, a reading that reflects only the initial impact of President Trump’s tariffs.
Category: Inflation (Economics)
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What’s Next as the Latest U.S.-China Trade Talks Conclude
U.S. negotiators say the London summit represented progress. But investors and business leaders remain wary.
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As Trump’s Tariffs Reshape Trade, Businesses Struggle With Economic Uncertainty
Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.
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European Central Bank Cuts Rates as Trade War Weighs on the Economy
It was the eighth rate cut in the past year as officials try to steer Europe’s economy through “exceptional” uncertainty.
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U.S. Is Trimming Back Its Collection of Consumer Price Data
The cutbacks would have “minimal impact,” the government said, but economists warned of reduced confidence in inflation data produced by a struggling statistical system.
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PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo
The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.
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Trump Meets With Powell After Months of Disparaging the Fed
Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”
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Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.
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U.S. Inflation Mild Ahead of Expected Jump From Tariffs
Economists and policymakers are bracing for inflation to re-accelerate as companies adapt to President Trump’s trade war.