US inflation rose
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Food prices have risen a bit faster than overall inflation lately, putting pressure on consumers. Three midyear supermarket trends to watch.
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.
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.
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.
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
USD/JPY rallies as Trump’s tariffs hit BoJ rate hike bets. Japan inflation, trade, and US data to guide pair’s next move.
US equity markets showed a mixed mid-day performance on Thursday (Jul 10) as investors weighed President Donald Trump’s new tariff policies. The Nasdaq declined, led by weakness in software stocks, while the broader market held steady,
Tech stocks led the way after Nvidia said the U.S. government has assured it that licenses will be granted for its H20 chip again and that deliveries will hopefully begin soon. Nvidia, which is Wall Street's most influential stock, rose 3.7%.
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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.