Annual inflation in the US rose by 0.3 percentage points in June, as the American economy continued to absorb the shock of Trump’s sweeping tariff agenda.
According to the US Bureau of Labor Statistics, domestic inflation hit 2.7% in the 12 months to June 2025, up from 2.4% in May. US inflation rises to 2.3% below market expectations Food inflation was up 3% last month, while energy prices were trading on deflationary grounds at -0.8%. This came in almost in-line with expectations from economists polled by Reuters, who expected inflation to increase to 2.6% last month. According to Hani Abuagla, senior market analyst at XTB MENA, these readings will be pondered by the Federal Reserve. Fed officials to hold rates steady this w...
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