It's too soon to tell if tariffs will have a lasting impact on inflation, St. Louis Fed President Alberto Musalem said on Thursday Core PCE inflation has been running at 2.7% Y/Y, and has been increasing over the past three months.

Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.

Federal Reserve Bank of St. Louis President Alberto Musalem said he sees upside risks to inflation, but it’s too early to know whether tariffs will have a persistent impact on prices.

Copper is used in a wide variety of products from electronics, wiring, machinery and cars. The U.S. produces a majority of the copper it uses but still imports large quantities, primarily from

While generally saying the labor market remains solid and inflation elevated but showing progress toward the Fed’s 2% annual target, the minutes reflect a mixed assessment of whether the tariffs will spur inflation or be more of a one-time hit that will not lead to higher long-term price increases.

The emerging divide among Federal Reserve officials over the outlook for interest rates is being driven largely by differing expectations for how tariffs might affect inflation, a record of policymakers’ most recent meeting showed.

Helen of Troy’s stock was tumbling toward a 14-year low Thursday, after the company said tariff-related impacts hurt consumer spending and led to a sales miss and a downbeat outlook.

Tariffs, combined with intensifying inflation, plummeting consumer sentiment and renewed supply chain snarls wiped out gains meticulously rebuilt by Conagra Brands in the first half of the year, causing the maker of iconic brands like Pam,

Michigan retailers face a challenging economic environment marked by inflation, tariff-related disruptions and fluctuating consumer behavior.

Find out how experts are assessing the current and potential future impact of tariffs, and more — in our latest coverage from The National Observer.

U.S. stocks are higher as investors eye President Donald Trump's next tariff moves and await minutes from the last Federal Reserve policy meeting.