A new inflation report released this morning shows the country’s 12-month inflation rate has gone up for a second consecutive month. Economists have been warning about the impact of President Trump’s tariff threats.

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large

National Economic Council Director Kevin Hassett, a top economic advisor to Trump, on Monday rebuked concerns about tariff-related inflation. The Fed, Hassett told CNBC, has been "very, very wrong" in its assessment of a potential resurgence of price increases.

U.S. stock indexes held near their records following President Trump's latest updates to his tariffs, as speculation continues that he may ultimately back down on them.

U.S. stock indexes are edging mostly lower following President Donald Trump’s latest updates to his tariffs, but Wall Street is hanging near its record amid speculation about whether the president may ultimately back down.

President Donald Trump has imposed sweeping tariffs on U.S. trading partners and promised that more will be implemented. The tariffs, a cornerstone of Trump's economic plan, have ever-changing parameters and deadlines.