WASHINGTON (Reuters) – U.S. import costs unexpectedly rose in July, however the underlying pattern continued to be weak, pointing to subdued imported inflation pressures.
FILE PHOTO: A stack of transport containers are pictured within the Port of Miami in Miami, Florida, U.S., Might 19, 2016. REUTERS/Carlo Allegri/File Picture
The report from the Labor Division on Wednesday prompt inflation may stay reasonable regardless of a broad enhance in shopper costs in July, which may permit the Federal Reserve to chop rate of interest additional to restrict the harm to the economic system from commerce tensions.
The Trump administration on Tuesday delayed imposing a 10%…