<h1>Wall Street mixed as strong earnings offset trade policy uncertainty while inflation rises to 2.7%</h1> Wall Street opened quietly mixed as corporate earnings reports provided temporary relief from trade policy uncertainties. Major companies reported strong quarterly results, with a pharmaceutical giant beating sales and profit targets while raising full-year outlook, and a major bank exceeding profit expectations despite slightly lower net interest income. An investment bank also surpassed targets due to strong trading performance amid market volatility from tariff announcements. However, a Netherlands-based chipmaking equipment supplier saw shares tumble despite reporting less negative tariff impacts than expected, citing uncertainty about future growth. Consumer inflation accelerated to 2.7% from 2.4%, with economists attributing higher prices for imported goods to increased tariffs. This persistent inflation may prevent Federal Reserve rate cuts, as policymakers await more data on tariff effects. Asian markets showed mixed performance, while European indices posted modest gains. The administration announced specific tariff rates for certain countries while securing commitments for energy and agricultural purchases.