The U.S. economy may appear steady on the surface, with consumer spending strong and the stock market charging ahead. Yet beneath that optimism lurks a hidden danger: tariffs that could weigh heavily on American households. Fresh economic data released last week revealed a mixed picture, with one figure flashing a clear warning sign—core inflation is climbing again.
According to the Bureau of Labor Statistics, the Consumer Price Index rose 2.7% year-over-year in July, while core inflation—excluding food and energy—jumped 3.1%. That marks the sharpest increase in five months, raising concerns that higher costs are once again tightening their grip on consumers.
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