{"id":344225,"date":"2025-08-14T15:50:13","date_gmt":"2025-08-14T15:50:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/344225\/"},"modified":"2025-08-14T15:50:13","modified_gmt":"2025-08-14T15:50:13","slug":"us-wholesale-prices-jump-in-july-as-donald-trumps-tariffs-hit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/344225\/","title":{"rendered":"US wholesale prices jump in July as Donald Trump&#8217;s tariffs hit"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Analysts said the indication of building inflation pressures could also complicate calls for the US central bank to lower interest rates, as Trump has demanded.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Federal Reserve sets its policy independent of the White House. It has held off on cuts so far this year, worried that cutting rates at a time when tariffs are expected to push up prices could risk re-igniting inflation.  <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But a string of weak job growth, combined with cooler-than-expected inflation, had increased pressure on the bank to give the economy a boost by lowering borrowing costs. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Treasury Secretary Scott Bessent earlier this week called on the Federal Reserve to cut its key lending rate by half a percentage point at its next meeting in September.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The large upside surprise in producer prices highlights the dilemma the Federal Reserve faces,&#8221; wrote Matthew Martin, senior US economist at Oxford Exonomics.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The big picture remains that inflation is further away from the Fed&#8217;s target than the unemployment rate and is likely to climb further over the coming months.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Analysts said the indication of building inflation pressures could also complicate calls for the US central bank to&hellip;\n","protected":false},"author":2,"featured_media":344226,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[49,978,659],"class_list":{"0":"post-344225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-united-states","9":"tag-us","10":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115027917213629093","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/344225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=344225"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/344225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/344226"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=344225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=344225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=344225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}