Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Business

Inflation picks up again in June as tariffs slowly work their way through U.S. economy

by admin July 17, 2025
July 17, 2025
Inflation picks up again in June as tariffs slowly work their way through U.S. economy

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy.

The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right in line with the Dow Jones consensus, though the annual rate is the highest since February.

Excluding volatile food and energy prices, core inflation picked up 0.2% on the month, with the annual rate moving to 2.9%, with the annual rate in line with estimates. The monthly level was slightly below the outlook for a 0.3% gain.

A worker prices produce at a grocery store in San Francisco, California, US, on Friday, June 7, 2024.David Paul Morris / Bloomberg via Getty Images

Prior to June, inflation had been on a generally downward slope for the year, with headline CPI at a 3% annual rate back in January and progressing gradually slower in the subsequent months despite fears that Trump’s trade war would drive prices higher.

While the evidence in June was mixed on how much influence tariffs had over prices, there were signs that the duties are having an impact.

Vehicle prices fell on the month, with prices on new vehicles down 0.3% and used car and trucks tumbling 0.7%. However, tariff-sensitive apparel prices increased 0.4%. Household furnishings, which also are influenced by tariffs, increased 1% for the month.

Shelter prices increased just 0.2% for the month, but the BLS said the category was still the largest contributor to the overall CPI gain. The index rose 3.8% from a year ago. Within the category, a measurement of what homeowners feel they could receive if they rented their properties increased 0.3%. However, lodging away from home slipped 2.9%.

Elsewhere, food prices increased 0.3% for the month, putting the annual gain at 3%, while energy prices reversed a loss in May and rose 0.9%, though they are still down marginally from a year ago. Medical care services were up 0.6% while transportation services edged higher by 0.2%.

With the rise in prices, inflation-adjusted hourly earnings fell 0.1% in June, the BLS said in a separate release. Real earnings increased 1% on an annual basis.

Markets largely took the inflation report in stride. Stock market indexes were mixed while Treasury yields were mostly negative.

Amid the previously muted inflation ratings, Trump has been urging the Federal Reserve to lower interest rates, which it has not done since December. The president has insisted that tariffs are not aggravating inflation, and has contended that the Fed’s refusal to ease is raising the costs the U.S. has to pay on its burgeoning debt and deficit problem.

Central bankers, led by Chair Jerome Powell, have refused to budge. They insist that the U.S. economy is in a strong enough position now that the Fed can afford to wait to see the impact tariffs will have on inflation. Trump in turn has called on Powell to resign and is certain to name someone else to the job when the chair’s term expires in May 2026.

Markets expect the Fed to stay on hold when it meets at the end of July and then cut by a quarter percentage point in September.

This post appeared first on NBC NEWS

previous post
What Happens Next for the S&P 500? Pick Your Path!
next post
Silver Price Update: Q2 2025 in Review

Related Posts

New Orleans prepares for Super Bowl 59, its...

February 8, 2025

Netflix says its ad tier now has 94...

May 16, 2025

Starbucks union votes to authorize strike ahead of...

December 19, 2024

Why Trump’s iPhone tariff threat might not be...

May 25, 2025

Walmart is using its own fintech firm to...

June 11, 2025

Cava revenue beats estimates as Mediterranean chain reports...

May 17, 2025

McDonald’s revenue disappoints, as U.S. sales see worst...

February 11, 2025

Trump Media sues Brazil Supreme Court judge who...

February 20, 2025

AI-powered sports media company raises $13 million, led...

February 13, 2025

Nvidia’s Jensen Huang is ‘dead wrong’ about quantum...

January 9, 2025

Recent Posts

  • RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?
  • Three Bearish Candle Patterns Every Investor Should Know
  • These HOT Industry Groups are Fueling This Secular Bull Market
  • ‘Irrelevant’: Senators push back against Vought’s call for more partisan spending process
  • Biden-era policy indirectly paying for unaccompanied minors’ abortions rescinded by Trump DOJ

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

    July 18, 2025
  • Three Bearish Candle Patterns Every Investor Should Know

    July 18, 2025
  • These HOT Industry Groups are Fueling This Secular Bull Market

    July 18, 2025
  • ‘Irrelevant’: Senators push back against Vought’s call for more partisan spending process

    July 18, 2025
  • Biden-era policy indirectly paying for unaccompanied minors’ abortions rescinded by Trump DOJ

    July 18, 2025
  • Unearthed chat sheds light on cozy ties between judges, climate activists, raising ethical concerns

    July 18, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 3

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 4

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 5

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
Promotion Image

banner

Categories

  • Business (455)
  • Investing (1,586)
  • Politics (1,957)
  • Stocks (662)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2025 bullhedging.com | All Rights Reserved