Calm before the storm? Inflation accelerated in June amid early signs of tariff impact

Welcome back. If it feels like the cost of things has been going up again lately, a new inflation report released just this morning confirms you are not wrong. Largely viewed as the first real show of impact from President Trump's tariff agenda, the country's 12-month inflation rate is up for a second consecutive month, hitting 2.7%.Now, it's what economists had warned was coming, not necessarily the economic doomsday at this point, but new tariff threats could wreak more havoc in the coming months. So, let ...