1 month, 3 weeks ago

Trump's first inflation report of second term is released

Trump's first inflation report since beginning his second term shows prices have risen more than expected. While some economists have warned that Trump's tariffs would fuel inflation, others pointed out that many businesses put through price rises at the start of the year. It comes as Federal Reserve Chair Jerome Powell told Senators yesterday that the Fed would not rush cutting interest rates as it continues its battle to tame inflation. 'The Federal Reserve will likely feel vindicated in its decision to pause rate cuts in January, as the specter of inflation looks like it's raising its ugly head once again,' Isaac Stell, Investment Manager at Wealth Club said.

Daily Mail

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