Tariffs keep core inflation high as gas and grocery prices ease
Prices climb 2.6% in June amid tariff pressure
Central bank holds key rate at 4.3% for fifth time this year
Chair Jerome Powell faces pressure from Trump as central bank balances rate cut calls
Top Fed official warns weakening momentum threatens employment goals
Core inflation rose 2.9% in June from a year earlier
However, the central bank chair hasn't ruled out a cut this month
Core prices climbed 0.2% in May, more than economists expected
Employers are holding on to workers in "no hire, no fire" job market
“There will be some inflation from tariffs coming," Powell said