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President Trump's tariffs are starting to show up in the prices that consumers pay. That contributed to an uptick in inflation last month and will make the Fed cautious about cutting interest rates.
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Wholesale prices were unchanged in June and showed only a mild effect from U.S. tariffs, adding to the growing view that trade wars won't lead to a big increase in inflation.
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The Consumer Price Index rose 2.7 percent from a year ago, as the global trade war started to bite.
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Inflation in June showed scattered signs of rising costs tied to the Trump tariffs, but Americans simply aren't paying sharply higher prices because of U.S. trade wars. Here are four things we learned from the latest consumer-price index report.
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