Traders are paring bets on near-term rate cuts, and Treasury bond yields are edging higher, amid stubborn underlying inflation pressures tied to the president’s myriad tariffs. Trump himself said through his social media account that borrowing costs should be “3 points” lower. “One Trillion Dollars a year would be saved,” he declared.

U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Federal Reserve cautious about resuming its ...

Economists are watching closely for any signs that his trade policy is beginning to hit consumers’ wallets.

Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead.

"This marks the first inflation report where tariffs are beginning to show up materially in key categories – from appliances and furnishings to apparel and groceries," said Daniel Hornung, senior fel...

Indonesia said on Wednesday it had reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed U.S. tariff rates on Indonesi...

Some investors and economists have also noted Trump's pattern of backing off his tariff threats.