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Trump Tariffs Hit Consumer Prices

Trump Tariffs Hit Consumer Prices

President Trump insists there is 'no inflation' as he bludgeons the Federal Reserve to cut interest rates. But denying inflation reality won't make it go away. His tariffs are making it harder for the central bank to do what he wants, as last month's rise in the consumer-price index shows.
The Labor Department's consumer-price report Tuesday showed inflation ticked up in June to 0.3% or 2.7% in the last year. Real average hourly earnings fell 0.1% as inflation eroded wage gains. Real average weekly earnings fell 0.4% and 0.6% for production-level workers as hours of work declined, perhaps because of a slowing economy and labor market.
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Arnold Schwarzenegger blasts California politicians for housing crisis, calls citizens ‘economically homeless

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View source version on Contacts Media Contacts StreetCred PRarch@ Jimmy Moock+1 610 304 4570jimmy@ Justin Pirigyi619-316-9195justin@

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