The Current Inflation Rate Is 2.7%. Here's How That Could Affect This Leading Retail Stock.

Inflation may have cooled off from its peak of around 9% in 2022, but the beast has not been fully tamed.The Federal Reserve is aiming for a 2% inflation rate, and the central bank has resisted lowering interest rates further until it sees evidence that inflation will reach its goal of 2%. That could become more difficult as a new round of tariffs is set to be implemented after President Donald Trump's Aug. 1 deadline passed with some nations, like Canada, receiving rate hikes.As of June, the consumer price index was 2.7%, while core CPI, which strips out the volatile food and energy categories, held at 2.9%, according to research from The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool