US inflation rose
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WalletHub highlighted which cities experienced the most significant increase in inflation in both the short and long term.
Gold prices increased in the domestic futures market on July 16, influenced by positive global trends and a weaker US dollar. Silver also gained due to strong demand in the spot market.
U.S. producer prices remained unchanged in June, influenced by tariff-driven shifts. While goods costs rose, service prices softened, offering hope against widespread inflation. The Federal Reserve might keep interest rates steady amid these dynamics,
Consumer prices rose 1.5% in June compared to June 2024 for the Bay Area — rising slightly since April, which had a +1.3% change. The Bay Area fared better than the rest of the country, which saw a 2.7% rise. Consumer Price Index, 12-month change
The latest federal data show the CPI increasing 2.7% over the previous 12 months, outpacing the 2.4% May figure and raising questions around the impact of trade uncertainty.
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Cryptopolitan on MSNUS inflation rises for first time in 5 months as tariff costs ripple through economyUS core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs.
USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.
The US has been plagued by economic uncertainty of late, but some regions were definitely hit harder than others. Personal finance company WalletHub recently unveiled a map showing the states with the most people suffering from financial distress — finding that Texas topped the list in this regard.
Metro Phoenix continues to have the lowest inflation of any major U.S. city. The 0.2% climb in consumer prices here compares to 2.7% for the nation.
USD/JPY rallies as Trump’s tariffs hit BoJ rate hike bets. Japan inflation, trade, and US data to guide pair’s next move.
Food prices have risen a bit faster than overall inflation lately, putting pressure on consumers. Three midyear supermarket trends to watch.
WASHINGTON (AP) — Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures.