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Tariffs expected to lift underlying US consumer prices in May
U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures. The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in four months. Economists said the increase in the so-called core CPI would be attributable to higher prices from President Donald Trump's sweeping import duties. May would mark the start of tariff-related high inflation readings ... (full story)
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From youtube.com/thelondonstandard|Jun 11, 2025Chancellor Rachel Reeves will deliver her spending review in the House of Commons after PMQs.
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From @realDonaldTrump|Jun 11, 2025|135 comments
OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND U...
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From bls.gov|Jun 11, 2025|54 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent on a seasonally adjusted basis in May, after rising 0.2 percent in April, the U.S. Bureau of Labor ...
