June CPI Report: What to Expect From Tuesday's Inflation Report
The Labor Department's consumer-price index for last month is due at 8:30 a.m. ET Tuesday.
Year-over-year inflation likely picked up to 2.7%, according to economists polled by The Wall Street Journal. That compares with 2.4% in May and 2.3% in April.
The "core" measure, which excludes volatile food and energy prices, is expected to rise to about 3%, versus May's 2.8% rate.
So far, inflation data has largely defied fears Trump's levies will fuel price rises. WSJ-polled economists now project inflation of 3% in December. That's down from a forecast of 3.6% in April, but up from projections at the start of 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Two new Target stores coming to New Jersey. Here's where.
Target recently announced plans to expand its footprint by adding dozens of stores in 22 states, including two new Target stores in New Jersey, with one much larger than an average store. In March, Target announced plans to drive more than $15 billion in sales growth that included investing in opening or remodeling stores that offer "space and flexibility to incorporate the best of Target's shopping experience." The big box store had plans to open a total of 300 stores over the next decade. According to Target's website, the two stores opening in New Jersey are: (Hunterdon County): 325 Route 202 (75,525 square feet, smaller than average store) (Essex County): 235 Prospect Ave. (150,000 square feet, larger than average store) Target notes they chose locations across 22 states based off several factors including community need, site constraints and nearby Target stores. According to the website, there is a Target within 10 miles of most doorsteps in America (although if you live in a rural area, take that with a grain of salt). In addition to two stores opening in New Jersey, two Target stores are opening in New York State and two in Pennsylvania, according to Target's website. States with multiple opening include: California (4) Florida (6) North Carolina (4) South Carolina (3) Texas (6) A tentative opening date for the Target store in West Orange is set for Fall 2025, according to reporting by Patch. Construction was underway in May at the former Kmart in the West Orange Plaza, which is anchored by a Whole Foods supermarket, according to The Target store in Flemington, the first in Hunterdon County, is expected to open this summer, according to Target. It will be open Monday to Saturday from 7 a.m. to 11 p.m. and Sunday from 8 a.m. to 11 p.m. The store will be the 53rd to open in the state. Target's new store designs are meant to better service guests and team members, with a more open layout and localized elements to inspire and serve guests, according to Target. Stores will continue to open in all sizes, although the plan is to focus on a larger footprint in the coming years. The new stores will offer updated larger layouts, enhanced in-store pickup options and a larger assortment of merchandise, from food and beverages to entertainment, clothing and accessories. New Jersey currently has 52 Target stores, according to the Target website. Find a store near you by checking out their store directory. Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team. This article originally appeared on Two new Target stores coming to NJ. See list of stores in 22 states
CNBC
18 minutes ago
- CNBC
Oil edges down as market contemplates potential sanctions, tariffs
Oil prices edged down on Tuesday as the market digested U.S. President Donald Trump's 50-day deadline for Russia to end the Ukraine war and avoid sanctions on buyers of its oil, while worries continued to linger over Trump's trade tariffs. Brent crude futures fell 5 cents to $69.16 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures fell to $66.89, down 9 cents. Both contracts settled more than $1 lower in the previous session. Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Oil prices had climbed at the news of potential sanctions, but later gave up these gains as the 50-day deadline raised hopes that sanctions could be avoided, and traders dwelled on whether the U.S. would actually impose steep tariffs on countries continuing to trade with Russia. "The pause eased concerns that direct sanctions on Russia could disrupt crude oil flows. Sentiment was also weighed down by rising trade tensions," ANZ senior commodity strategist Daniel Hynes wrote in a note to clients. Trump said on Saturday he would impose a 30% tariff on most imports from the European Union and Mexico from August 1, adding to similar warnings for other countries and leaving them less than three weeks to hammer out framework deals that could lower the threatened tariff rates. Tariffs risk slowing down economic growth, which could sap global fuel demand and drag oil prices lower. Elsewhere, oil demand is set to stay "very strong" through the third quarter, keeping the market snugly balanced in the near term, the Organization of Petroleum Exporting Countries' secretary general said, according to a Russian media report. Goldman Sachs on Monday raised its oil price outlook for the second half of 2025, pointing to potential supply disruptions, shrinking oil inventories in Organization for Economic Co-operation and Development countries, and production constraints in Russia.
Washington Post
20 minutes ago
- Washington Post
Sabres avoid arbitration with Bowen Byram by signing him to a 2-year, $12.5M contract
BUFFALO, N.Y. — The Buffalo Sabres avoided arbitration with Bowen Byram late Monday night by re-signing the restricted free agent defenseman to a two-year contract worth $12.5 million. Byram will count $6.25 million against the salary cap through the 2026-27 NHL season. He was considered a candidate for a trade or an offer sheet from another team before the Sabres elected salary arbitration with him earlier this month.
