Wall Street Breakfast Retail inflation shows little tariff impact
Jun 11, 2025
Inflation remains surprisingly low, prompting discussions on its impact on Fed rate adjustments. Trump claims a deal with China is sealed, stirring market interest. Meanwhile, stocks linked to quantum technology surge after comments from Nvidia's CEO. Corporate giants like GitLab and Chewy face disappointing forecasts, affecting their share prices. Lastly, Elon Musk is cautious about launching Tesla's robo-taxi service, sparking curiosity about future transportation trends.
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Inflation Shows Little Tariff Impact
- May CPI rose less than expected, showing less inflation pressure than anticipated.
- Core CPI also rose slower than consensus, revealing limited tariff-driven inflation signs.
Fed Monitoring Inflation and Tariff Effects
- Fed likely to pause until September with possible rate cuts if unemployment and inflation conditions meet targets.
- Economic tariff impacts remain unclear; effects may show in data over next 1-2 months.
Trump Signals Trade Deal Reset
- Trump claims a trade deal with China is done pending approvals.
- China tariffs on U.S. goods remain at 10%, indicating a reset rather than escalation.