WASHINGTON (Reuters) -U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Federal Reserve cautious about resuming its interest rate cuts. The Consumer Price Index report from the Labor Department on Tuesday is expected to show a rebound in gasoline prices and higher costs for some tariff-sensitive...

(Reuters) - China's economy grew at a slightly faster pace than expected in the second quarter, showing resilience in the face of U.S. tariffs, though analysts warn of intensifying headwinds that will ramp up pressure on policymakers to roll out more stimulus. Data on Tuesday showed China's gross domestic product (GDP) grew 5.2% in the April-June quarter from a year...

(Reuters) -Japanese Prime Minister Shigeru Ishiba is arranging to meet U.S. Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported on Tuesday, ahead of an August 1 deadline to strike a trade deal with the United States. A separate Yomiuri report said European Union leaders will visit Ishiba later this month to sign an alliance advocating global...

WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on Monday, citing a letter to lawmakers by Powell. Powell called on the Fed's inspector general, Michael Horowitz, to examine the project's cost, which has ballooned to $2.5 billion, leading...