Though the US-Iran talks have raised hopes of the crucial waterway’s reopening, it may take time for energy supplies to normalise. Oil prices have dropped but are still significantly higher. Besides oil, the Strait of Hormuz is a critical passage for fertiliser, aluminium, and helium.

US inflation surges to near two-year high as energy prices spike 12%

Revised US jobs data revealed sharper labour market weakness than previously thought, strengthening the case for policy action. Markets now see a near-certain September Fed rate cut, with odds rising for a larger half-point move after soft inflation and weak jobs data.

Fed rate cut seen almost certain after July inflation data, Bessent signals

CPI is projected to climb 0.2%, down from June’s 0.3%. Factors include labour shortages in agriculture, shaped by deportations and tariffs. 

US inflation likely rose slightly in July as data quality concerns deepen

The price gap between New York and London narrowed, with futures trading about $65 an ounce above the spot benchmark. Analysts urge for clarity, as uncertainty disrupts market stability. Traders look forward to US inflation data for cues on interest rate policy.

Gold market holds steady as traders await US tariff clarity

Market sentiment remains bearish due to geopolitical tensions, economic forecasts, and upcoming US inflation data, which are influencing demand.

Oil prices slide as markets eye US–Russia Ukraine peace talks

With Trump fresh tariffs adding uncertainty to inflation, the data will be key to gauging how consumer prices are responding. A packed economic calendar and multiple Fed speeches this week could shape market sentiment ahead of September’s policy meeting.

US Treasury rally pauses as markets brace for inflation test

Core inflation, which excludes volatile food and energy prices, also rose 0.3 per cent on the month and remained at 2.8 per cent annually. Economists noted this sustained upward pressure is being driven by higher goods prices, especially in tariff-sensitive sectors.

US inflation rises in June as tariffs fuel price increases

Economists view the PPI as a bellwether for future consumer inflation. The report showed that the stagnation in wholesale prices was largely attributed to a decline in service costs.

Purchase prices hold steady as tariff concerns persist

Annual CPI inflation is forecast at 2.7%, up from 2.4% in May. While services inflation remains subdued, the Fed is likely to hold rates steady in July, despite signs that the inflationary impact of Trump sweeping trade policy will intensify through the second half of 2025.

US inflation set to rise in June as tariffs begin to drive up prices

Economists have trimmed US recession odds and raised job growth forecasts amid surprising economic resilience, but The Wall Street Journal warns that Trump looming tariffs and immigration policies could still disrupt inflation and GDP growth.

US recession risk declines as inflation cools and jobs rise, says WSJ survey

In 2025, the global economy enters a period of realignment, US tariffs fuel inflation, China retools Asian trade routes, the UK and Brazil face growth hurdles, while Argentina makes rare progress against hyperinflation.

US inflation expected to pick up as Trump’s tariffs bite

As Trump pushes for lower rates and inflation risks persist, Fed officials clash over July rate cut prospects, exposing deep policy divisions ahead of Powell’s testimony.

Fed divided on rate cuts as Trump pressure, tariff inflation complicate outlook

Fed Chair Powell flags inflation risks from Trump sweeping tariffs as growth slows and unemployment rises, complicating the path for US rate cuts in 2025.

Fed holds rates as Trump tariffs threaten inflation shock: What it means for your money

The Consumer Price Index for All Urban Consumers rose 0.1 per cent on a seasonally adjusted basis in May, following a 0.2 per cent increase in April, the Bureau of Labor Statistics reported on June 11. 

US inflation rises modestly in May, fuelling debate over rate cuts

As US inflation edges up, a World Bank warning signals the global economy may face its weakest decade since the 1960s.

Tariffs nudge US inflation higher in May, World Bank flags weakest decade for global growth

Business & Economy: The Bureau of Labor Statistics will release the April Consumer Price Index (CPI) report today at 12:30 GMT (8:30 a.m. EST).

US inflation seen picking up in April as Trump tariffs begin to bite

Wall Street stocks recouped from 6-month lows on Wednesday as investors drew a sigh of relief following below-estimate US inflation data for February. This helped global markets regain their footing on Thursday.

Finally, a bounce on Wall Street. But for how long?

Business & Economy: Economists predict that President Trump's tariffs would only serve to accelerate this trend. The consumer price index rose by the most since August 2023.

US Inflation rises by the most since August 2023

World news | Know how US President Donald Trump shifted blame to Joe Biden for the January inflation surge, labelling it as Biden Inflation, amid rising economic challenges.

Trump dodges blame, points finger at Biden for inflation surge in January, labels it 'Biden Inflation'

Business & Economy, US Inflation in December unexpectedly eases, rate cut bets rise, Policymakers are still anticipated to keep rates steady at their meeting later this month.

US Inflation in December unexpectedly eases, rate cut bets rise

Business & Economy: The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement on Wednesday.

US consumer inflation rises for third straight month in December

Dollar prepares for US inflation data and remarks from multiple Fed officials

Trump tariffs could spark inflation if global trade responds, says Kashkari

Rupee hits record low amid equity outflows and US election uncertainty

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