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Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to ...
Fed's inflation fears start to be realized with June CPI increase
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in ...
Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices ...
Former NEC Director Gary Cohn on state of the economy, Trump's tariff agenda & Fed's inflation fight
Gary Cohn, IBM vice chairman and former National Economic Council Director under President Trump, joins 'Squawk Box' to ...
Fed’s Williams says tariffs are pushing up inflation, and he expects even higher prices in coming months
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams ...
Stocks sell off as investors see Trump’s inflation ‘pipeline’ forcing the Fed to hold off on interest rate cuts
Inflation is up, stocks are down, and more tariffs are on their way. Trump wants interest rates to come down but the ...
How Trump is turning up the heat on Powell amid a push to ditch Fed independence
President Donald Trump is not a supporter of Federal Reserve Chairman Jerome Powell, and his administration is applying ...
Reuters on MSN16h
Fed's inflation fears start to come true as consumer prices climb
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in ...
The tariff-driven inflation that economists feared begins to emerge
Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost ...
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell
Washington — President Trump on Tuesday asked a group of House Republicans if he should fire Federal Reserve Chair Jerome ...
Are tariffs to blame for rising inflation? Experts weigh in
Tariffs contributed modestly to the rise of inflation last month, analysts told ABC News, citing the price hikes in product categories made up primarily of imports. But, they added, overall price ...
Fed’s Favored Inflation Gauge Likely Stalled in June
The core inflation metric tracked by the Federal Reserve will likely come in at 2.7% or 2.8% for June, versus 2.7% in May, according to a batch of Wall Street estimates out today. That would mean no ...