May CPI misses projections even as tariff effects hold off

Inflation remained softer than expected in May, with consumer prices rising only modestly, suggesting that President Donald Trump’s latest tariffs have yet to ripple through, the Bureau of Labor Statistics reported Wednesday. Continue reading

New York Fed calls US housing market ‘anemic’ and ‘lackluster’

Existing-home sales activity lagged in June, with single-family home sales falling 1.5 percent to 4.69 million units, according to the report. Continue reading