Inflation, tariff
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KPMG chief economist Diane Swonk breaks down the new June inflation report and dives into why prices increased even after President Donald Trump declared “inflation is dead.”
Inflation is speeding up after a period of cooling down earlier this year.
US stocks turned mixed after June inflation data. Investors now turn to earnings. Nvidia jumps on hopes for China chip sales, lifting Nasdaq to record
Albertsons shares falls as the gross margin rate drops to the lowest rate in five years, as the company tried to keep prices down despite rising costs.
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The Dow fell 436 points. Nvidia rallied on easing export restrictions.
US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.