Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...
Trump's tariffs on Mexico, Canada, China would sock economy, lift inflation
The tariffs on Canada, Mexico and China that Trump announced would have a significant impact on the U.S. economy and ...
US consumer inflation increases at fastest pace in nearly 1-1/2 years in January
U.S. consumer prices increased by the most in nearly 1-1/2 years in January, with Americans facing higher costs for a range ...
AMERICAS Calm descends as inflation, tariffs parsed
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Gold's record rally pauses ahead of US inflation data
Gold prices slipped on Wednesday after rising to an all-time high in the previous session, as Federal Reserve Chair Jerome ...
Larry Summers sounds alarm over inflation under Trump
Former Treasury Secretary Larry Summers on Wednesday offered a warning about inflationary threats under the Trump ...
Trump imposes tariffs on Canada, Mexico and China, raising prospect of inflation and trade conflict
Trump declared an economic emergency in order to place duties of 10% on all imports from China and 25% on imports from Mexico ...
Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruption
New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose represent an aggressive ...
The New York Times12d
High Inflation Sows Debate About New Fed Playbook for Tariffs
Fresh tariffs amid high inflation are making the Fed’s job ... poised to impose 25 percent tariffs on imports from Mexico and Canada as well as an additional 10 percent tariff on Chinese goods.
Financial Post5d
Posthaste: RBC, TD say tariffs will force Bank of Canada to pick growth over inflation
If a new round of tariffs ever comes into play, they could force the Bank of Canada to set aside its inflation mandate to protect the country’s growth, say several prominent economists. “Markets ...