On Tuesday, July 15, the BLS will release the June Consumer Price Index report, providing critical insights into how tariffs are impacting prices for shoppe

Inflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a move that would stimulate markets and investment,

June inflation slowed, the core rate below forecasts. Stocks and bonds saw modest rallies. Click here for a full breakdown of the June report.

RBA rate cut fears and slowing Aussie jobs data weigh on AUD/USD, with China’s trade outlook and Fed policy in sharp market focus.

“While any tariff induced boost to inflation is likely to be short-lived, with higher tariffs being announced it would be wise for the Fed to remain on the sidelines for a few more months at least,” said Seema Shah, chief global strategist at Principal Asset Management.

June’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data.

WalletHub highlighted which cities experienced the most significant increase in inflation in both the short and long term.