Economists caution that much of the impact of Trump’s tariffs is yet to be felt
US inflation fell to 2.3 per cent in April, the month Donald Trump imposed his global tariffs, as the US president maintains pressure on the Federal Reserve to cut interest rates.
Tuesday’s annual consumer price index figure from the Bureau of Labor Statistics was below the expectations of analysts surveyed by Bloomberg that inflation would remain at March’s 2.4 per cent rate.
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<p> The Middle East archrivals will end their “12-day war,” the US president wrote on his Truth Social platform</p>