The U.S. Labor Department released its latest inflation report on Tuesday. The report showed that inflation cooled in June, giving the Fed more confidence that price pressures are easing. Consumer prices fell 0.4% from May to June, the largest monthly decline in inflation in four years. U.S. inflation cooled in June despite rising oil prices … Read more
“I like inflation. You know why.” No, this wasn’t the start of an economics lecture, but the start of another rant from US President Donald Trump. Trump was asked about rising U.S. inflation following the release of the new Consumer Price Index report, and he quipped, “I love inflation.” Trump’s ‘I love inflation’ comments spark … Read more
Americans are likely to see higher prices for everyday necessities, including milk, bread, meat, gasoline, rent and housing, utilities, health care and insurance. Inflation has been rising for months since tensions over the Iran war disrupted supply chains and fuel markets. The U.S. inflation report is expected to show consumer prices rose again in May, … Read more