The most recent U.S. inflation report indicates that tariffs are beginning to influence the prices of frequently imported consumer goods. However, falling car prices have helped moderate overall inflation levels. This data arrives just before the Federal Reserve’s upcoming meeting at the end of the month. There remains a division among policymakers regarding whether tariff-related price increases will be temporary or lead to long-term inflationary pressures.
— news from Bloomberg.com
— News Original —
The latest report on US inflation was the clearest sign yet that tariffs are starting to boost costs of commonly imported consumer goods, while a decline in car prices kept overall inflation in check. n nIt’s the last readout of inflation before Federal Reserve officials meet at the end of this month. Policymakers are still divided as to whether tariffs will cause a one-time hit to prices or an enduring inflationary risk.