Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
Americans are facing higher costs. Trump was elected on promises to lower prices for inflation-weary consumers and high ...
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting ...
WASHINGTON (AP) — U.S. inflation ... Wednesday from last month to $3.09 a gallon. Grocery prices had slowed for most of last year but began accelerating in the fall, rising 0.4% in ...
An inflation gauge closely watched ... the Fed is likely to keep its key rate at about 4.3%, down a full percentage point from a two-decade peak last year before three cuts at the end of 2024.
The president’s team blames his predecessor for stubborn inflation, but Trump’s own agenda could make it harder to defeat.
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