Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.

Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.

While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he has touted a new "deal" with China that will see tariffs against the country remain at historic levels. Here's what it will mean for you.

Despite Trump’s tariffs, inflation stayed stable in May due to lower gas prices, though warning signs and Fed caution persist.

The market rally set in motion by the tame May consumer price inflation (CPI) report released on Wednesday petered out as fears over uncertainties on multiple fronts ruled high. However, President Donald Trump cheered the number,

Consumer prices rose 2.4% year-over-year in May, defying fears that President Trump’s tariffs could lead to higher inflation. Here’s why economists think that will change in the coming months.

A run of better-than-expected indicators — including Wednesday's inflation report — so far point to a strikingly resilient economy. Why it matters: Those waiting for signs of a tariff-wrecked economy will have to keep waiting.

Inflation holds steady as data shows how prices are faring after Trump’s ‘Liberation Day’ tariffs - May’s consumer price index captures the period after President Donald Trump unveiled his ‘Liberation