Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.

Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.

At the same time, the Bureau of Labor Statistics this week reported that both producer and consumer prices increased just 0.1% on a monthly basis, pointing toward little upward pressure from the duties. Economists still largely expect the tariffs to show an impact in the coming months.

Investors were cheering the below-forecast inflation reading for May, but it might be premature to assume that President Donald Trump’s aggressive tariffs could have limited impact on inflation, according to Seema Shah,

Inflation was still mild in April even as some tariffs began to go into effect, according to Commerce ... according to Dow Jones data. That’s the lowest PCE inflation rate since September.

Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take effect, though the timing and impact of those duties are now in doubt

This week's milder-than-expected data on producer\- and consumer-price indexes for May will enable the Federal Reserve to wait for more information on how ne

The Federal Reserve's preferred measure of inflation likely fell to a fresh low since September in April. Still, a second good report on prices in as many months isn't likely to convince officials to lower interest rates.

Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.