Pressure on the Fed to trim interest rates is growing. In other words, the perception that the inflation problem is solved is raising the specter of more inflation.

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.

US Inflation data is out and now all eyes are on whether the Federal Reserve go for big interest rate cut or not.

The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,

The comments came as the inflation rate has grown less than expected in recent months, fueling more attacks on Fed chair Jerome Powell by Trump.

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase

Federal Reserve Chairman Jerome Powell is in a tough spot on inflation and unemployment. Mr. Powell must choose between combating inflation and combating unemployment, given that President Trump’ s tariffs could make either-- likely both-- worse.

Cardone Capital CEO Grant Cardone criticized Fed Chair Jerome Powell's interest rate policies as he claims they're preventing Americans from buying homes.