Tariffs, inflation
Digest more
China, Trump and Stocks
Digest more
Former Treasury Secretary Janet Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate.“I would expect inflation,
20h
Axios on MSNTrump cuts threaten jobs, inflation data collectionThe U.S. government produces vast quantities of data about what's happening in every corner of the economy. Its ability to do so is facing threats, both from long-running challenges and the impact of Trump administration policies.
Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
US inflation rose in line with forecasts in May, although so-called “core inflation” came in lower than expected as the effects of President Trump’s tariffs still have yet to significantly boost consumer prices. The Consumer Price Index rose 2.4% in May from a year earlier, matching economists’ expectations according to the Wall Street Journal.
1d
Stocktwits on MSNTrump Demands 100 Bps Rate Cut Again Ahead Of Fed Meet — But Experts Warn Tariffs Could Stoke InflationThe market rally set in motion by the tame May consumer price inflation (CPI) report released on Wednesday petered out as fears over uncertainties on multiple fronts ruled high. However, President Donald Trump cheered the number,
Trump won't fire Fed Chair Powell, criticizes slow rate cuts, suggests supporting Fed interest rates increase if inflation hits.
A run of better-than-expected indicators — including Wednesday's inflation report — so far point to a strikingly resilient economy. Why it matters: Those waiting for signs of a tariff-wrecked economy will have to keep waiting.
In today’s newsletter: California Governor Gavin Newsom’s fiery response to the White House’s troop deployment in Los Angeles. What May’s inflation numbers say about tariffs and the challenges facing the U.S. men’s national team at the 2026 World Cup.
The Vice President said the Fed refusing to cut interest rates was "monetary malpractice," echoing sentiment voiced by Trump in recent months.