Inflation, May
Digest more
tariffs seen fanning inflation
Digest more
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
Core goods inflation has been mostly flat over the past couple of months, down 01.% in March, up 0.1% in April. But Morgan Stanley chief U.S. economist Michael Gapen predicts for the May reading, it’ll be up 0.3%.
20hon MSN
In today’s newsletter: California Governor Gavin Newsom’s fiery response to the White House’s troop deployment in Los Angeles. What May’s inflation numbers say about tariffs and the challenges facing the U.S. men’s national team at the 2026 World Cup.
The Russell Home Thrift Store is one thrift store benefiting from the traffic. "Daily, it was about $400-500 a day. Right now, we are doing $2,500 a day. So that's a pretty good boost," said Alvin Harris of Russell Home Thrift Store.
US stocks inched higher Wednesday morning following news of progress on a trade deal with China and inflation data that remained largely in check despite President Trump’s tariffs. The Dow Jones Industrial Average ticked up 133 points, or 0.3%, at 10:33 a.m. ET.
Price increases have cooled off so far this year, but Goldman Sachs economists believe the good news could be coming to an end, mostly because of the Trump administration’s new tariffs. The investment bank’s economists expect to see core inflation,
Inflation in the U.S. has been surprisingly tame despite the ongoing trade wars, but economists widely expect some increase. Just how much - and for how long - well, there's far less agreement about that.