Trump, Inflation
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The report on producer prices adds to a mixed picture for inflation as the economy adjusts to the imposition of import tariffs.
Consumer prices rose at a quicker rate in June, breaking a months-long streak of cooling inflation, the Labor Department said on Tuesday. Why it matters: The data will likely concern economic policymakers,
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MiBolsilloColombia on MSNTrump's Tariffs to Generate $300 Billion for Federal Government: Is It Worth the Inflation Risk?The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal Reserve grapples with economic pressures, the question remains: do the fiscal benefits outweigh the economic costs for American consumers?
U.S. inflation reached its highest level since February in June, with consumer prices rising 2.7% from a year earlier, in part because of new tariffs imposed by the Trump administration.