US inflation climbed to 2.7 per cent in June, surpassing expectations and signalling that Donald Trump’s tariffs are hitting prices.
Tuesday’s annual consumer price index figure was up from 2.4 per cent in May and above expectations of 2.6 per cent among analysts surveyed by Bloomberg.
But in the wake of the data publication, the US president kept up his campaign to push the Federal Reserve to cut interest rates.
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