U.S. inflation increased in June as tariffs boosted prices for imported goods like household furniture and recreation ...

So going from a target range of 4.25% to 4.50% to 2.25% to 2.50% by the end of 2027, which would put rates quite a bit closer ...

A key measure of inflation posted the biggest increase in June in four months as the delayed effects of higher U.S. tariffs ...