"…Inflation has cooled in the past year and, excluding the impact of tariffs, economists say it would be on track to return to the Fed’s target, which would allow the central bank to cut its key interest rates."

"…Trump’s trade war is fast turning into a fiasco."

"…In recent weeks, there have been signs of a slight cooldown in the economy, which had initially shown resiliency in the face of Trump’s tariffs."

"…The two countries agreed a framework that, it is hoped, will ease tensions between the two economic superpowers."

"…The upswing marked a turnabout from a 0.2% drop in April, which was driven largely by wholesalers and retailers’ margins being squeezed, which economists attributed to higher tariffs."

"…May’s overall inflation readings came in better than expected."

"…The rise in the price of goods, however, remains contained and seems to indicate that tariffs have hardly been passed on to products."

"…The tariffs have made things even more difficult for new parents, forcing them to shoulder higher prices for car seats and other items that they absolutely need to keep their babies safe."

"…Yellen predicts President Donald Trump’s tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate."

"…Despite widespread fears to the contrary, President Donald Trump’s tariffs have yet to show up in any of the traditional data points measuring inflation."

"…The Trump administration is working toward deals with important trading partners and may extend the tariff pause for those negotiating in good faith."

"…NBC News reporters are looking to hear from small-business owners and entrepreneurs of all types who are experiencing changes as a result of President Donald Trump's tariff policies."

"…The talks in London occurred after the U.S. and China accused each other of breaching a pact reached in early May that led to both countries lowering tariffs by 115%."

"…As price pressures from the tariffs have begun to build, businesses are signaling they will pass along higher prices to customers — in spite of Trump’s warnings not to do so."

"…Overall goods prices held steady last month."

"…You're also becoming more concerned about the overall U.S. business environment."

"…Inflation ticked higher in May but was more stable than expected as the early effects of President Donald Trump’s wide-ranging tariffs were offset by another drop in gasoline prices."

"…The U.S. Court of Appeals for the Federal Circuit ruled that Trump can collect tariffs on foreign imports while businesses and states challenge the taxes in court."

"…U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild."

"…U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers."

"…While inflation remains far lower than during its post-pandemic spike – when it reached a peak of 9.1% in June 2022 — it's still higher than the Federal Reserve's goal of driving it down to a 2% annual rate."

"…The total number of Americans receiving unemployment benefits for the week of May 31 jumped by 54,000 to 1.96 million, the most since November of 2021."

"…U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild."

"…The U.S. drops the 145% tariff to 30%."

"…Trump hailed a favorable decision by a federal appeals court over his sweeping tariff policy as a “great” win for the United States."

"…If a new iPhone does get hit with a tariff, you should expect Apple -- and other smartphone manufacturers -- to pass along most of that cost to you, say experts."

"…Under this new arrangement, if it stands, the US tariff rate against China will be set at 55%, which is actually an increase from the 30% rate set when the two countries declared a truce in May at the start of their negotiations."

"…For now, the consumer price report indicated that the impact on households remained relatively limited, primarily hitting items such as appliances, where the US depends heavily on China for supply."

"…The United States reached a mutually beneficial preliminary trade agreement with China, President Donald Trump said in a Wednesday morning statement."

"…High inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent."

"…The total number of Americans receiving unemployment benefits for the week of May 31 jumped by 54,000 to 1.96 million, the most since November of 2021."

"…What Trump described as a “deal” is actually less than that: It’s a “framework” meant to set the stage for more substantive talks."

"…Inflation has cooled in the past year and, excluding the impact of tariffs, economists say it would be on track to return to the Fed’s target, which would allow the central bank to cut its key interest rates."

"…President Donald Trump on Wednesday hailed a favorable decision by a federal appeals court over his sweeping tariff policy as a “great” win for the United States."

"…The president described the relationship between the U.S. and China as “excellent” and shared details of the new agreement in a post on Truth Social."

"…Bessent's remarks, in response to a question from a House Democrat, marked the first time a Trump administration official has indicated some flexibility around the expiration date for the pause."

"…Treasury Secretary Scott Bessent on Wednesday said the Trump administration is prepared to "roll the date forward" with trading partners negotiating in good faith if the deadline marking the end of the 90-day pause on President Donald Trump's reciprocal tariffs is reached with no deal."

"…Vance harshly criticized the Federal Reserve on Wednesday after inflation increased at a slower pace than expected, accusing Chair Jerome Powell of mismanaging his job to balance price growth and unemployment through interest rates."

"…Vance harshly criticized the Federal Reserve on Wednesday after inflation increased at a slower pace than expected, accusing Chair Jerome Powell of mismanaging his job to balance price growth and unemployment through interest rates."

"…President Donald Trump is hailing "great numbers" with the Consumer Price Index rising just 0.1%, but he is repeating his call for Federal Reserve Chair Jerome Powell to act more quickly on dropping the interest rates by "one full point.""

"…President Donald Trump is hailing "great numbers" with the Consumer Price Index rising just 0.1%, but he is repeating his call for Federal Reserve Chair Jerome Powell to act more quickly on dropping the interest rates by "one full point.""

"…Inflation has been slow to respond to President Donald Trump's sweeping tariffs as most retailers are selling merchandise accumulated before the import duties took effect."

"…The tariffs, used by Trump as negotiating leverage with U.S. trading partners, and their on-again, off-again nature have shocked markets and whipsawed companies of all sizes as they seek to manage supply chains, production, staffing and prices."

"…The bottom line: Tariffs aren’t squeezing consumers; they’re squeezing foreign suppliers and protecting the American wage base."

"…The inflation data this year has been terrific — a welcomed change from the prior four disastrous years."

"…The U.S. annual inflation rate ticked up for the first time since January, signaling potential renewed price pressures as President Donald Trump’s sweeping global tariffs begin to work their way through the economy."