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Inflation is bucking tariff fears, but the Fed likely won’t cut rates, as Trump wants. Here’s why
The U.S. economy has been full of surprises since the Federal Reserve started rapidly raising interest rates to quell inflation back in 2022. The latest shocker might just be that the Trump administration’s tariffs haven’t pushed up inflation more.
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Fed meets again to discuss response to Trump’s tariffs
President Donald Trump has pushed for the Federal Reserve to lower interest rates by “a full point” in order to juice the economy as inflation hovers close to its target level. But Fed Chair Jerome Powell and his central bank colleagues want to gauge the economic fallout from tariffs before making any moves.
Tariffs aren’t yet showing up in inflation data, but that doesn’t mean they won’t in the coming months, says Richard Clarida, ...
Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher ...
Amid all this, Trump has, as usual, been pressuring the Fed and its chair, Jerome Powell, to lower interest rates. Vice ...
Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index ...
But in the price-tracking data, the evidence is much more uneven. April’s inflation reports — measuring consumer and producer ...
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices ...
US inflation rose in line with forecasts in May, although so-called “core inflation” came in lower than expected as the ...
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