Inflation, June
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On Tuesday, July 15, the BLS will release the June Consumer Price Index report, providing critical insights into how tariffs are impacting prices for shoppe
Inflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a move that would stimulate markets and investment,
Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.
June inflation slowed, the core rate below forecasts. Stocks and bonds saw modest rallies. Click here for a full breakdown of the June report.
“While any tariff induced boost to inflation is likely to be short-lived, with higher tariffs being announced it would be wise for the Fed to remain on the sidelines for a few more months at least,” said Seema Shah, chief global strategist at Principal Asset Management.
Forecasts for the March CPI report show inflation is expected to post a 5.2% increase from a year ago, according to FactSet’s consensus forecasts.
The consumer price index for February is forecast to show an increase of 0.3% for a broad array of goods and services across the U.S economy. On an annual basis, that would put headline inflation ...
The March CPI report represents a make-or-break moment for the timing of rate cuts this year. Inflation is expected to cool down in March following two firm CPI reports to start 2024.
CPI Report Release Date and Time: Tuesday, March 12 at 8:30 a.m. EST The CPI is forecast to rise 0.4% in February after increasing by 0.3% in January. Core CPI is forecast to rise 0.3% in February ...