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Boston Fed Economists Say Tariffs Not Main Cause of 2025 Inflation

Tariffs alone cannot explain the persistence of 3% inflation in 2025, three Federal Reserve Bank of Boston economists wrote in an article posted Wednesday (Aug. 19). While U.S. tariffs rose from 2.5% to 10% in 2025, productivity gains partially offset that increase in costs, and the net contribution to core Personal Consumption…

Gold surges over 3% as US Treasury announcement hurts yields, dollar

Gold surged over 3 percent to its highest in over two-and-a-half months on Wednesday after a surprise liquidity support announcement by the U.S. Treasury knocked down bond yields and the dollar ahead of the release of the Federal Reserve's July meeting minutes. Spot gold climbed 3.6 percent to $4,487.91 per ounce by 2:10 p.m.

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