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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.
On Friday the president repeated his criticism of Powell and said the Fed's policy rate should be 1 per cent, a low level ...
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after ...
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
June's uptick in consumer prices likely gives the Fed room to stay on hold as uncertainty over tariffs clouds the timing of ...
Initial early gains following the June data were reversed as pass-through effects from tariffs stoke concerns.
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting ...
The CPI rose 0.3% month-over-month in June, accelerating from May’s 0.1% pace. Year-over-year inflation also jumped to 2.7%, ...
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