https://www.taxtmi.com/news?id=46329 Persistent underlying inflation driven by rising food costs and broad import tariffs is maintaining upward pressure on consumer prices and constraining the Federal Reserve's ability to lower its policy rate. The administration's tariff measures are likely to raise import costs and domestic prices for goods such as automobiles and groceries. Concurrently, the Bureau of Labor Statistics' reduction in data collection for CPI reporting may increase volatility and uncertainty in inflation measures, reinforcing the Fed's decision to keep rates unchanged while assessing tariff effects. en-us Wed, 11 Jun 2025 19:16:04 +0530 Wed, 11 Jun 2025 19:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=46329 Persistent underlying inflation driven by rising food costs and broad import tariffs is maintaining upward pressure on consumer prices and constraining the Federal Reserve's ability to lower its policy rate. The administration's tariff measures are likely to raise import costs and domestic prices for goods such as automobiles and groceries. Concurrently, the Bureau of Labor Statistics' reduction in data collection for CPI reporting may increase volatility and uncertainty in inflation measures, reinforcing the Fed's decision to keep rates unchanged while assessing tariff effects. News - Wed, 11 Jun 2025 19:16:04 +0530 https://www.taxtmi.com/news?id=46329