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Consumer prices increased by 2.7% in June, reflecting the impact of President Trump’s tariff policy, although still below January’s 3%. While the White House touted this as stabilizing inflation, some retailers warned of potential price hikes due to tariffs, and analysts predict further inflation increases despite the Federal Reserve’s cautious stance on interest rates.
Explain It To Me Like I’m 5: Consumer prices went up by 2.7% in June compared to last year, partly because of President Trump’s tariffs, even though he celebrated the news and suggested lowering interest rates.
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