US Inflation Rises in June Amid Tariff-Driven Price Increases
TL;DR Summary
The US PCE inflation measure increased to 2.6% in June, partly due to Trump's tariffs raising prices on imported goods, leading the Federal Reserve to keep interest rates steady despite inflation remaining above its 2% target. Consumer prices for goods like furniture and appliances rose, while some service costs fell, and consumer spending grew modestly amid cautious economic activity.
- PCE report shows U.S. inflation rose last month as Trump's tariffs boosted some prices CBS News
- The Fed’s preferred measure of inflation is running hot, buoyed by tariffs The Washington Post
- Consumer spending heated up a bit last month – but so did inflation CNN
- US inflation warms up in June as tariffs boost some goods prices Reuters
- Key Inflation Measure Rose in June, Adding to Pressure on Fed The New York Times
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