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The Numbers

US: Tariff Pressures Build, But Broad Inflation Remains Contained

by Felix-Antoine Vezina-Poirier, Chief Strategist  

June CPI was broadly in line with expectations, with tariff passthrough building in goods but broader inflation pressures likely to remain contained. Headline inflation came in slightly above expectations at 2.7% y/y (0.3% m/m), while core matched estimates…

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