US inflation rose just 0.1% from April to May despite tariffs

US inflation rose just 0.1% from April to May despite tariffs

Donald Trump’s erratic trade policy is jeopardizing the soft landing of the U.S. economy, steered by Federal Reserve Chairman Jerome Powell. Just as inflation was finally approaching the 2% price stability target, the tariffs imposed by the president on the world are threatening to push it up again, although so far their effect has been limited. Prices rose 0.1% on a monthly basis in May, according to data released Wednesday by the Bureau of Labor Statistics. Inflation rose 2.4% in May from a year earlier, compared with a 2.3% yearly increase in April. Economists had been expecting an annual increase of 2.5%.

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