US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico,
Trump tariffs to stoke US food inflation despite pledge to lower costs
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
US PCE inflation higher than expected in December
The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.
High Inflation Sows Debate About New Fed Playbook for Tariffs
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
Will Salary Increases Outpace Inflation In 2025?
Even as economies shift after several years of aggressive salary growth combined with talent shortages, salary increases likely will continue to outpace inflation. Why?
Looming tariffs worry Wall Street over earnings hit, inflation pressure
Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation if President Donald Trump makes good on his tariff threats, with markets seen as not fully factoring in risks from higher levies on foreign imports.
S&P 500, Nasdaq climb as Apple gains, inflation meets expectations
The S&P 500 and the Nasdaq rose on Friday, as Apple gained following a strong sales forecast and a reading of the U.S. central bank's favored inflation gauge reinforced expectations that the Fed would keep interest rates unchanged for longer.
Fed’s Bowman Wants More Inflation Progress Before Cutting Rates
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank lowers interest rates further, and questioned how restrictive policy might be given the economy’s strength.
BlackRock’s Once-Mighty Inflation-Hedge ETF Is Losing Its Crown
A once-dominant BlackRock Inc. bond ETF is at risk of losing its crown as the biggest inflation-hedging product of its kind, after schooling investors about the dangers of safety trades laden with interest-rate risk.
How Trump’s new tariffs might impact the 2025 economy
Prior to the tariff announcement, Thurber said analysts anticipate 2.2% growth for the U.S. economy in 2025, and 2% in 2026, based on current conditions. The economy grew at 2.9% and 2.8% over the last two years, respectively.
White House sidesteps looming question on Trump tariffs
White House press secretary Karoline Leavitt said that there will be 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China starting on Saturday. This fulfills Trump’s repeated promise to implement tariffs on these countries throughout his campaign.
Next Week: job openings, employment report, services sector update,
The Institute for Supply Management releases its latest report on the U.S. service sector on Wednesday. Economists forecast the monthly index edged lower in January, following a jump in December. The service sector employs most Americans and has withstood pressure from inflation and elevated interest rates.