US EditionInflation Keeps Defying Tariff Fears, but Will It Last?
- Inflation in May rose only 0.1%, lowering the annual rate to 2.4%, contrary to fears of price increases from President Donald Trump's tariffs on trading partners.
- Most businesses indicated they had passed some tariff costs onto consumers, according to a May survey by the Federal Reserve Bank of New York.
- The White House moderated some tariffs during Trump's administration to work on trade deals, but tariffs remain higher compared to pre-Trump levels.
- Economists warn that determining inflation influences is challenging, as tariffs' impacts may take time to reflect in consumer prices.
14 Articles
14 Articles
Economic Slowdown and Tariff Debate Stir Fed Policy
The recent announcement of lower-than-expected inflation rates has sparked a debate among economic observers. This phenomenon has led some to reconsider longstanding assumptions about inflation drivers and the current state of the economy. Prominent voices in the economic discussion argue that tariffs, rather than inflation, are creating new challenges by slowing overall economic momentum. Inflation Figures and Their Implications Recent data ind…
US Inflation Subdued Defying Tariff-Driven Fears - Action Forex
In the US, May inflation figures fell short of expectations, with headline inflation rising only marginally by 0.1% m/m compared to April, against consensus of 0.2%. Aggregate inflation edged up to 2.4% y/y, slightly below expected 2.5%. Despite soaring consumer inflation expectations, inflation has been slow to react to Trump's tariffs, exerting only modest pressure on consumer prices. Core inflation remained stable at 2.8% y/y, contrary to pre…
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