US EditionThe Tariff-Driven Inflation that Economists Feared Begins to Emerge
UNITED STATES, JUL 15 – The inflation rate rose for the second consecutive month, moving further from the Federal Reserve's 2% target amid ongoing and new tariffs on imports, the Bureau of Labor Statistics reported.
- In June, the inflation rate climbed, with U.S. consumer prices picking up 0.3% as Reuters reported, and year-over-year inflation reached 2.7% per the Bureau of Labor Statistics.
- Earlier this month, tariffs were set, and President Donald Trump announced new duties starting August 1, 2025, to increase import costs, Reuters reported.
- The Bureau of Labor Statistics reported core inflation rising 0.2% in June, attributing the increase to tariff-driven price hikes and ongoing import tariffs.
- The CME FedWatch Tool indicated a 95% chance of unchanged rates, while stock futures moved higher after the report.
- The Federal Reserve is set to meet July 29 and 30, and the next FOMC meeting is scheduled for July 29-30, as reported by the Federal Reserve.
205 Articles
205 Articles
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(NEWS 15) — New data from the US Department of Labor revealed that tariff-driven inflation is pushing up consumer prices across the nation. In Louisiana and Acadiana, the economy is reportedly on the brink of a recession. Economists believe the…
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Inflation in June rose to its highest level since February, as economists continue to monitor the impact of President Donald Trump’s ongoing tariffs on consumer prices. The Bureau of Labor Statistics showed the Consumer Price Index (CPI) rose 2.7% in June 2025. Inflation on the rise That’s up from an increase of 2.4% in May. The report also showed that, excluding volatile food and energy, core inflation increased 2.9% last month. The rise in inf…
Americans Face Higher Prices as Inflation Returns - The Virginia Star
by Brett Rowland Consumer prices increased more than expected in June as Americans face higher prices on a wide range of imported goods as President Donald Trump’s tariffs show up in federal economic reports for the first time. The Consumer Price Index for All Urban Consumers, or CPI-U, showed a 0.3% increase last month – triple May’s 0.1% pace and the most significant monthly gain since January, when Trump returned to the White House for hi…
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