The latest report on US inflation was the clearest sign yet that tariffs are starting to boost costs of commonly imported consumer goods, while a decline in car prices kept overall inflation in check.
It’s the last readout of inflation before Federal Reserve officials meet at the end of this month. Policymakers are still divided as to whether tariffs will cause a one-time hit to prices or an enduring inflationary risk.
In China, a 5.2% increase in second-quarter gross domestic product beat expectations, bringing the official 5% expansion goal for the year within reach. While strong exports help boost the ...