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Inflation Rose Less Than Expected In July, But 'Core' Inflation Stayed Hot
The annual inflation rate held steady in July as President Donald Trump's tariffs had less of an impact on some consumer prices than forecasters expected, but the details had a few devils as the key "core" inflation gauge accelerated.
The consumer price index rose 2.7% in July on an annual basis. There's some evidence tariffs are putting upward pressure on ...
While the overall reading on consumer prices was steady, a measure excluding food and energy categories rose to 3.1%.
Consumer prices, which rose 3.2% last month compared with July 2024, was smaller than June's 3.5%, according to the federal ...
Tuesday morning after the report was released, Trump took to social media to say Fed chair Jerome Powell "must NOW lower the ...
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
Wall Street's main indexes rose on Tuesday, with the S&P 500 and the Nasdaq at record highs after data showed inflation rose ...
The consumer price index report is under intense scrutiny after Trump fired the head of the agency that oversees the data and ...
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