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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.
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after ...
Businesses across the economy are passing increased input costs from tariffs along to consumers in the form of higher prices, the Federal Reserve’s latest anecdotal survey of domestic economic ...
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.
Both the S&P 500 (.SPX) and Nasdaq (.IXIC) - and by extension, MSCI's world equities index (.MIWD00000PUS) - retreated from ...
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting ...
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