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Fed, Jerome Powell and tariffs

Bloomberg on MSN · 2d

Fed’s Powell Says Tariff-Driven Inflation Remains a Big Question

Federal Reserve Chair Jerome Powell on Wednesday said the US central bank is still struggling to determine the impact of tariffs on consumer prices.

Reuters on MSN · 2d

Powell says Fed needs to manage against risk that tariff inflation proves persistent

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be careful in considering further rate cuts,

The Wall Street Journal · 2d

Powell: Fed Must Consider Costs of Being Wrong on Inflation

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in tariff rates are much larger and because the economy is coming off a period of much higher inflation.

Gloomy Americans cut back on spending

Associated Press News on MSN · 9h

Gloomy Americans cut back on spending as inflation ticks higher

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

The Washington Post · 15h

Key inflation gauge rose last month while Americans cut back on spending

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending

CBS News on MSN · 12h

U.S. inflation ticked higher in May as consumers cut back on spending

New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.

Fed’s Preferred Inflation Gauge Was Slightly Hotter

The New York Times · 9h

The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.

NBC New York · 15h

Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

Fed's preferred inflation gauge shows price increases accelerated in May

Investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year.

Trump slams US Fed chair Powell as ‘stubborn mule’ after mild inflation rise and consumer spending dip

The US Federal Reserve’s preferred inflation measure logged a mild uptick yesterday while spending weakened, triggering ...

Courthouse News Service4h

Nasdaq, S&P 500 set new highs despite wishy-washy inflation data

Two of the three major U.S. indices set new high points, even as inflation and consumer confidence data show mixed signals.

2d

Micron Earnings, More Powell Testimony, Inflation Data: Still to Come This Week

It's day two of Federal Reserve Chair Jerome Powell's testimony before Congress. The Fed’s preferred inflation gauge is due ...

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