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Inflation held steady in July as tariffs ripple through prices
New inflation figures released Tuesday added to signs that President Donald Trump’s tariffs are driving up the cost of everyday goods, even as lower energy prices helped temper overall increases. The Labor Department’s consumer price index for July showed that the annual pace of inflation remained at 2.
Rising core inflation and foggy tariff risks inject fresh uncertainty into the Federal Reserve and interest rates.
The Consumer Price Index, which measures inflation, rose 2.7% on an annual basis in July, slightly cooler than forecasted.
For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing ...
July CPI data shows stable inflation, with core services driving pressure. Check out the most likely outcome in the next FOMC ...
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