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June CPI: Fed still needs 'reassurance' to cut rates
The latest Consumer Price Index (CPI) data came in hotter than expected, with inflation rising 2.6% in June, higher than the 2.4% seen in May but lower than the 2.7% economists expected. Investors weigh whether President Trump's tariff policy is fueling inflation in the US economy and what it means for the Federal Reserve.
Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.
By Howard Schneider WASHINGTON (Reuters) -Rising prices across an array of goods from coffee to audio equipment to home ...
Businesses across the economy are passing increased input costs from tariffs along to consumers in the form of higher prices, the Federal Reserve’s latest anecdotal survey of domestic economic ...
The June inflation data is likely to keep Federal Reserve officials cautious, open to cutting interest rates later this year ...
The Consumer Price Index in June rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after ...
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read ...
Initial early gains following the June data were reversed as pass-through effects from tariffs stoke concerns.
Both the S&P 500 (.SPX) and Nasdaq (.IXIC) - and by extension, MSCI's world equities index (.MIWD00000PUS) - retreated from ...
The CPI rose 0.3% month-over-month in June, accelerating from May’s 0.1% pace. Year-over-year inflation also jumped to 2.7%, ...
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