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Tariffs Aren’t Fueling Inflation: June Producer Price Index Shows Zero Growth

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the staff of the Ridgewood blog

WASHINGTON, D.C. — So much for the “tariffs equal runaway inflation” narrative. The latest data from the Bureau of Labor Statistics (BLS) shows that wholesale prices were completely flat in June, suggesting that fears of tariffs causing a major price surge may be more hype than reality.

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U.S. Economy Surges in Q2 Despite Early-Year Tariff Turmoil

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the staff of the Ridgewood blog

Washington DC, After a rocky start to 2025 driven by the effects of the Trump-era tariff tensions, the American economy is showing strong signs of resilience. According to the Atlanta Federal Reserve, the estimated GDP growth for the first two months of the second quarter now sits at a robust 4.6%.

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April Inflation Barely Moves Despite Tariff Warnings — Here’s What the Data Says

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the staff of the Ridgewood blog

Ridgewood NJ, inflation in April stayed surprisingly steady, even as experts warned that new tariffs could drive prices higher. According to a report released Friday by the U.S. Commerce Department, the Personal Consumption Expenditures (PCE) Price Index — the Federal Reserve’s preferred inflation gauge — rose just 0.1% for the month.

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U.S. Tariff Revenue Hits Record $16.3 Billion in April as Trump’s Trade Policies Take Effect

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the staff of the Ridgewood blog

Port Newark NJ,  U.S. tariff collections surged to a record high in April, with customs duties hitting $16.3 billion for the month, according to data released Monday by the Treasury Department. The spike reflects the growing impact of President Donald Trump’s new trade tariffs, including the 10% across-the-board levy on imports that went into effect on April 2.

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Roche Announces $50 Billion U.S. Expansion, Boosting NJ Operations and Creating 12,000 Jobs

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the staff of the Ridgewood blog

Branchburg NJ, Swiss pharmaceutical leader Roche has unveiled a massive $50 billion investment plan to expand its U.S. manufacturing and operations, with a portion of the expansion expected to take place in New Jersey. The strategic move comes as the pharmaceutical industry navigates the impact of President Donald Trump’s tariffs on imported medical products.

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Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth

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the staff of the Ridgewood blog

Chicago Il,  Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.

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