U.S. consumer prices rise 2.7% on the year in June as Trump's tariffs start to be felt

  • U.S. consumer prices rose 2.7% on the year in June, amid signs President Donald Trump's tariffs are starting to be felt. While in line with expectations, June's reading was well above the Federal Reserve's 2% target — with economists warning the full impact of Trump's trade agenda could raise consumer prices further.