Inflation Rising as Tariffs Reach Consumers
Inflatie
Effects of the new import tariffs imposed by the Donald Trump administration are gradually reaching consumers in the United States , as they saw slightly faster inflation in May, according to reports. Knewz.com has learned that the prices of goods and services, excluding volatile food and energy costs, rose 0.3% in May, the most in four months. Federal Reserve Chair Jerome Powell believes goods price inflation will pick up over the course of the summer, as U.S. consumers would have to bear some
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