US inflation Expected to Rise in June with Tariff-Driven Price Hikes
U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Federal Reserve cautious about resuming its interest rate cuts.
The Consumer Price Index report from the Labor Department on Tuesday is expected to show a rebound in gasoline prices and higher costs for some tariff-sensitive goods last month. Inflation readings from February through May were on the soft side, leading to demands by President Donald Trump for the...
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