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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.
By Howard Schneider WASHINGTON (Reuters) -Rising prices across an array of goods from coffee to audio equipment to home ...
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to ...
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
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Inflation, Fed Outlook Lift RatesMortgage rates rose this week, but steady inflation data suggests a more stable outlook. Buyers may benefit from clearer signals in the months ahead.
Businesses across the economy are passing increased input costs from tariffs along to consumers in the form of higher prices, ...
While pundits looked with their magnifying glasses for tariffs in consumer goods prices, it was in services, which are not ...
Initial early gains following the June data were reversed as pass-through effects from tariffs stoke concerns.
The U.S. is expected on Tuesday to report that rising costs for imported goods lifted overall consumer prices in June, ...
Stocks tiptoed toward fresh highs, then got cold feet. A glimmer of hope from Nvidia’s China chip sales briefly lit the room, ...
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