The Latest Breaking News from Inflation

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday.

Attempting to defend Trump's tariffs, the White House points to studies that show they raise prices, cut manufacturing output, and lead to costly retaliation.

New hiring data from the US, set to be released on Friday, will likely be positive. Even so, economists warn of risks ahead from tariffs, DOGE, and restrictions on migration.

Asian markets are retreating after Wall Street led the biggest loss among world's markets over worries about U.S. President Donald Trump's tariffs

Equities extended losses in Asia on Friday, extending a global rout inflicted by Donald Trump's tariff blitz that has inflamed a trade war and ramped up recession and inflation fears.

Tariffs are back in the headlines this week, with United States President Donald Trump introducing sweeping new tariffs of at least 10% on a vast range of goods imported to the US. For some countries and goods, the tariffs will be much higher.

The dollar index (DXY00 ) Thursday fell sharply by -1.64% and posted a 6-month low. The dollar plummeted Thursday because of concerns that President Trump’s sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, Thursday’s plunge...

The trade uncertainty fueled by recent tariffs will likely raise the risks of higher inflation and slower growth, and pose challenges for Federal Reserve policy, a senior banking official said Thursday.

Turkey's inflation rate slowed more than expected in March, although domestic political turmoil and Trump tariffs pose risks to price pressures.