US core inflation rose by 0.3% in June, the biggest increase since January, as tariffs pushed up import costs.

US inflation gauge cools with little sign of tariff impact, so far. Updated: ... At the same time, incomes — before adjusting for inflation — rose a healthy 0.8% in April.

US inflation gauge cools with little sign of tariff impact, so far. Updated: 1:46 PM EDT May 30, 2025 ... incomes — before adjusting for inflation — rose a healthy 0.8% in April.

A rally that has taken U.S. stocks to record highs will be tested in the coming week by the kick-off of corporate earnings season and a key inflation report as investors hope to learn more about the economic fallout from tariffs.

“Core services – which make up over 70% of core PCE, the Fed’s preferred inflation gauge – continued to ease, with notable improvements in healthcare and financial services,” said Bret ...

The figure for June marks the steepest increase in inflation, which measures how quickly prices are rising, since January 2024.

“We were expecting 2/10ths of 1%," Creighton University economics professor Ernie Goss said. "It was 3/10ths of 1% so that's only 1/10 of a percent more, but multiply that times 12, and you're talking about a little bit more money there.”

US inflation gauge cools with little sign of tariff impact, so far. Updated: ... At the same time, incomes — before adjusting for inflation — rose a healthy 0.8% in April.

US inflation gauge cools with little sign of tariff impact, so far. Updated: 1:46 PM EDT May 30, 2025 ... incomes — before adjusting for inflation — rose a healthy 0.8% in April.

The core inflation metric tracked by the Federal Reserve will likely come in at 2.7% or 2.8% for June, versus 2.7% in May, according to a batch of Wall Street estimates out today. That would mean no more progress toward the Fed's 2% target,