US wholesale prices jump 3.3% as Trump trade war hits economy
Rise in Producer Price Index in July was the highest since February
Rise in Producer Price Index in July was the highest since February

Figure comes despite Trump tariffs and keeps Fed on track for rate cut

Trade war fuels price pressures ahead of Federal Reserve meeting next week

Figures are the latest to show the distortion to trade caused by the US president’s ‘liberation day’ trade levies

A supply chain crisis will hit ordinary Americans with higher prices at a time when they are already feeling stretched

April figure marks highest level in three years as effects of conflict reverberate through US economy

President slams Goldman Sachs as he hails data as evidence his policies are working