Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.

Dow pares gains; Trump lauds deal restoring trade truce with China

Consumer prices rose less than expected in May, CNBC reported, as Trump’s controversial tariffs have yet to have a significant impact on inflation. The broad consumer price index, which measures the cost of goods and services across the economy, increased 0.1% for the month, putting the annual U.S. inflation rate at 2.4%.

This week's milder-than-expected data on producer\- and consumer-price indexes for May will enable the Federal Reserve to wait for more information on how ne

Consumer prices were only slightly affected by President Donald Trump’s tariffs in May, according to new numbers from the U.S. Bureau of Labor Statistics. Wednesday’s reading shows a 0.1% rise in consumer prices in May.

U.S. stocks are drifting lower as momentum wanes from a big rally that had brought them to the brink of their record.

Investors were cheering the below-forecast inflation reading for May, but it might be premature to assume that President Donald Trump’s aggressive tariffs could have limited impact on inflation, according to Seema Shah,

NEW YORK (AP) — Wall Street closed its winning week and month with a quiet Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.

Stock market futures were mostly calm on Thursday evening ahead of a key jobs report that is expected to shed light on the health of the U.S. economy. S&P 500 futures ticked down about 0.1%. Futures for the Dow Jones Industrial Average were up less than 0.1% while Nasdaq 100 futures shed 0.3%.

Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.