US inflation rises
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Inflation up in Jun. report
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U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its interest rate cuts.
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Agence France-Presse on MSNUS consumer inflation accelerates as tariff scrutiny growsUS consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
Underlying US inflation cooled more than forecast in June, marking the fifth consecutive month of softer-than-expected core consumer price increases, according to data released Tuesday by the Bureau of Labor Statistics.