Wholesale Inflation Tamer Than Expected
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China, Trump and inflation
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Overview
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For four months many economists have predicted that US inflation would reignite, in large part due to President Donald Trump’s trade war and the knock-on effects his tariffs would have on the economy.
Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.
President Donald Trump's tariffs have yet to show up in any of the traditional data points measuring inflation.
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Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) -The dollar slumped on Thursday as weaker-than-expected inflation data suggested the Federal Reserve could resume cutting interest rates sooner rather than later,