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Jerome Powell · United StatesInflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a move that would stimulate markets and investment, but that could also push inflation higher. As tariff-induced inflation threatens to become the dominant narrative…See the Story
5 Things to Know About the Latest Inflation Report
55% Center coverage: 169 sources
US Economy · United StatesU.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau said on Thursday. See the Story
US retail sales beat expectations in June
52% Center coverage: 93 sources
