Inflation data is getting hotter as we press further into the second half of 2025. It’s just one more pain point for the Federal Reserve as President Donald Trump and White House officials demand a rate cut.
The personal consumption expenditures price index rose by 0.3% in June, increasing from 2.4% in May. That’s not scorching hot, but we’re trending in the wrong direction.
Punchbowl News Presents
Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.
Punchbowl News Presents
Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.
