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Last month, President Donald Trump fell to the highest level since February Sweeping tariffs Push the cost of a number of goods, including furniture, clothing and large devices.
In June, consumer prices increased by 2.7%, which increased by 2.4% per annum in May on Tuesday. Monthly, prices rose from 0.3% to June until June, after only increasing the previous month by 0.1%.
Tired inflation creates a political problem for President Donald Trump, which promises during the presidency campaign last year. After the pandemic, the sharp inflation was worst of the spike in four decades, and former President Joe Biden was the majority of Americans about the work of the economy. Higher inflation will likely increase federal reserves not wanting to reduce short-term interest rateAs the Trump required by loud.
Trump has repeatedly insisted that it is “inflation”, and therefore, the Central Bank must reduce the main interest rate by 4.3% and about 3% of its current level. The chairman of the fed, Jerome Powell said he wanted to see how the economy reacts to Trump’s responsibilities before reducing the debt costs.
In June, except in the variable food and energy categories, the main inflation in June in June increased by 2.9% to 2.8% in May. Monthly, in May-June increased by 0.2%. Economists watched the main prices closely because they usually make a better meaning to inflation.
Inflation was managed at higher prices in a number of uptick in inflation. The cost of gasoline increased by 1% to June, and food prices increased by 0.3%. The hardware prices jumped for the third straight moon. All of the toys, clothes, sound equipment, shoes and sports goods are more expensive and are all imported.
“You have started to see the scattered bits of tariff inflation mode filter.”
Winograd said that since the pandemic, one of the largest drivers of inflation, the expenditures of the housing expenses continued to cool off the broader inflation. The value of the rent increased by 3.8% in June, in June, in June, 2021 in June.
“This tariff was not for uncertainty, the fed would already be cut off.” “The question is more or whether the fables” people think “it is there with most economists.”
Trump applied Sweeping duties 10% in all imports, plus 50% in steel and aluminum, 30% of goods from China, 25% and 25% in imported cars. Last week, the President threatened the European Union with a New 30% tariff that started from August 1.
He threatened to punch 50% duty in BrazilWill push the price of orange juice and coffee. Orange prices just jumped 3.5% in June and 3.4% more than a year ago.
In general, the grocery prices have increased by 0.3% last month and increased by 2.4% from a year ago. If a smaller annual increase than this pandemic is a bit larger than the pandemic pace of the food price. Trump management Mexican tomatoes also posted a 17% fee.
Acceleration in inflation can provide a recipe for the Fed Chair Show increasingly heavy fire The assessment is from the White House to avoid cutting interest rates.
Fed President said that tasks may push both prices and slow the economyA difficult compound for the Central Bank since higher expenses, in general, a weak economy often caused them to be often struck to reduce them.
Monday Trump said that Powell’s “terrible” and “don’t know what he did.” The President added that despite refusing to reduce Towel’s prices, the economy was doing well, but if the ratio is reduced, “it will be” nice “because people will be able to buy something very easy.”
White House officials last week The custard also attacked One-third of the two-fed buildings of two fed buildings that cost $ 2.5 billion more than a three-budget than the length of the budget. Although Trump is legal, the higher trial has signaled, so it can literally turn on Powel for interest rate decisions, so it can “cause” as mistake, or management.
Some companies said that as a result of tariffs, including tariffs as a result of tariffs DiamaticThe world’s largest retailer. Motor maker Mitsubishi Last month, this is the fact that the average price increased by 2.1% in response to the duties said To replace tariff expenses, the “surgical” price increase will increase.
However, many companies have been able to postpone the price increase after building the goods in this spring to prey the tasks of this spring. While other companies expect US tasks to be able to get trading deals with other countries, other companies can refuse lifting prices.
