CPI inflation jumps in Jun. to 2.7% annual rate
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consumer price index, Trump
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The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.
The Labor Department’s consumer price index for June showed overall inflation rose 2.7 percent from June 2024. That’s up from a 2.4 percent pace in May.
Leading economists react to June's Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures.
EUR/USD is technically bearish in the near term, and could fall towards 1.1590. The EUR/USD pair trades with a soft tone in the 1.1640 region, with the US Dollar entering the American session with moderate strength. The Greenback suffered a short-lived downturn following the release of United States (US) inflation figures.
The June consumer price index will be the latest glimpse into whether tariffs are having an effect on consumer prices.