(Reuters) -Recent inflation data point to continued progress toward meeting the U.S. Federal Reserve's 2% inflation goal, but the outlook is now uncertain due to the possibility new import taxes will drive prices higher, Fed Vice Chair Philip Jefferson said on Wednesday. Consumer prices in April rose less than analysts expected, but "there is much uncertainty...around the future path of inflation," Jefferson said in comments prepared for delivery at a New York Fed event. "Whether tariffs create persistent upward pressure on inflation will depend on how trade policy is implemented, the pass-through to consumer prices, the reaction of supply chains, and the performance of the economy."
US smartphone shipments rose 30% in March due to tariff concerns, report says
(Reuters) -Smartphone shipments to the U.S. surged 30% in March as manufacturers Apple, Samsung and Motorola rushed to bring more devices into the country in anticipation of steep import tariffs, Counterpoint Research said on Wednesday.
Reuters
•
55 minutes ago
U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the…
Exporters of goods into the United States are covering "very little" of President Donald Trump's import levies, one economist…
The prices-paid component of the ISM services survey often predicts where inflation will be three months from now, and right now…
WASHINGTON (Reuters) -U.S. job growth likely slowed considerably in May as businesses struggled with headwinds from tariff…
A “cover of uncertainty” as a result of whipsaw tariffs have led businesses to time price increases with an unpredictable tariff…
The producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a…
