US Inflation data: Consumer prices jump to 2.7% in June; Fed rate cut in doubt as Donald Trump faces pressure
Tuesday, 15 July 2025 U.S. inflation climbed to 2.7% in June, marking the highest level since February, driven by rising costs for gas, food, and groceries. This increase reverses months of cooling inflation and exceeds May's 2.4% rise. The inflation spike presents a political challenge and may deter the Federal Reserve from cutting interest rates.
Sir Mel Stride, Shadow Chancellor said ''Putting taxes on businesses, borrowing a lot of money and spending a lot of money has kept inflation higher than it otherwise would have been.'' It comes as UK inflation rose to a near 18-month high in June as food prices surged for the third month running,...
#Politics, #CurrentEvents, #FreeSpeech, #Sports, #Gaming, #Esports,US wholesale prices jumped nearly 1% in July — the fastest increase in over three years — as Donald Trump’s tariff war feeds..
U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark..
A 'Mornings with Maria' panel discusses a new report from the Council of Economic Advisors showing import prices falling since President Donald Trump's second term,..
Tuesday, 15 July 2025
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