U.S. inflation is expected to rise in June, largely due to the impact of new tariffs on goods like furniture, cars, and toys. Economists warn that businesses are now passing on higher costs to consumers, ending months of muted price increases.
The Federal Reserve is under pressure: hold rates steady and risk criticism from the White House, or cut rates if inflation stays low. With Trump pushing aggressive new tariffs and supply chains under strain, analysts believe we’re entering a summer of rising prices—though some say Trump could still reverse course.