U.S. inflation will likely rise due to tariffs

U.S. inflation is expected to rise in April, fueled by anticipated tariff increases, potentially impacting consumer prices and economic sentiment. Economists predict a 0.3% increase in a key inflation indicator, excluding food and energy, following a smaller rise in March. Businesses are navigating higher import costs, potentially leading to price hikes and impacting consumer spending. This rise in inflation comes amid concerns about the economic impact of potential trade tariffs. The Federal Reserve has also expressed worries about trade policy's effect on inflation and unemployment.