Tariff "Inflation Bomb" Countdown: US June CPI may accelerate Trump's game with the Federal Reserve intensifies.

According to the Smart Finance and Economics app, economists have long warned that tariffs will push up US inflation. The upcoming consumer price report will test whether their judgment is accurate. After overestimating the Consumer Price Index (CPI) for four consecutive months, forecasters predict that the June CPI data to be released by the US Bureau of Labor Statistics on Tuesday will show an acceleration of inflation; prices of categories such as furniture, toys and entertainment goods, as well as cars, which have been affected by tariffs, are expected to end the previous series of mild price data.