“While there was a mild miss in the core number, both the main and underlying inflation measures are now printing at their highest levels in four months. The big fear for Fed officials is that stormier waters lie ahead, as not only is there a time lag between the tariffs and an increase to prices, but additional tariff hikes on 1st August would almost certainly herald further inflationary pressures ahead,”

Matthew Ryan · said date not stated · reported 2025-07-15

Matthew Ryan warned that upcoming tariff increases could create further inflationary pressures.