US EditionCore inflation rises ahead of Trump tariff announcement
- Core inflation has reached 2.8% annually, above forecasts, with a monthly rise of 0.4% reported on March 28, 2025, according to the U.S. Bureau of Economic Analysis.
- Susan Collins stated on March 27, 2025, that tariffs are likely to boost inflation in the near term and recommended steady interest rates.
- Policymakers cautioned against assuming that inflation would be temporary, adjusting growth estimates downwards for 2025.
- Despite personal income climbing 0.8% in February, spending only grew 0.4%, indicating cautious consumer behavior amidst rising inflation.
22 Articles
22 Articles
Tariffs and Stubborn Inflation Test U.S. Economy in 2025
The U.S. Bureau of Economic Analysis reports a 0.3% rise in the PCE inflation index for February, hitting 2.5% annually. This figure, released on March 28, 2025, exceeds the Federal Reserve’s 2% target, signaling persistent price pressures. Core inflation, excluding food and energy, jumps 0.4% monthly, reaching 2.8% yearly, outpacing forecasts of 0.3% and 2.6%. […]
Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer
In her first public remarks since the central bank left interest rates unchanged, Boston Federal Reserve President Susan Collins said tariffs would fuel inflation, but it might not be felt for long. She echoed Chair Jerome Powell, who said tariff-induced inflation could be transitory, but she admitted there is a threat to that expectation. Before President Donald Trump’s election night victory, some economists warned the tariffs he promised on …
Core inflation rises ahead of Trump tariff announcement
The Federal Reserve’s preferred inflation gauge held steady in February at a 2.5-percent annual increase while “core” prices, which exclude food and energy, jumped up to a 2.8-percent annual increase. The advance in the headline personal consumption expenditures (PCE) price index was in line with analyst expectations, but the increase in the core came in slightly hotter than expected, adding to inflation concerns. On a monthly basis, PCE advance…
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