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Impact of Tariffs Lifted US Inflation in June
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thedailyeconomy.orgInflation Picked Up in June, as Tariffs Pass Through
President Trump’s tariffs appear to be pushing prices higher. Inflation picked up in June, according to new data from the Bureau of Economic Analysis. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at an annualized rate of 3.4 percent last month, up from 2.0 percent in May. It has averaged 2.5 percent over the last three months and 2.6 percent over the last year. Cor…
Impact of tariffs lifted US inflation in June
US inflation increased in June as tariffs boosted prices for imported goods, supporting views that price pressures would pick up in the second half of the year and delay the Federal Reserve from resuming cutting interest rates until at least October.
Core inflation, which excludes volatile prices like energy, rose 2.8% year-over-year, complicating interest rate cuts. The post "US inflation rises in June" appeared first on Monitor Mercantil.
Attention also goes back to corporate balances, in Brazil and abroad, which stimulate global bags this Friday morning.
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