But climate change was also held to account. Hotter, drier weather has accelerated price inflation for foods including fruit and vegetables as it results in lower harvest yields.

Fed officials see inflation, according to their preferred measure, rising to 3% by the end of this year, from 2.1% in April. It also projects the unemployment rate will rise to 4.5%, from 4.2% ...

Some economists have said that Trump's tariffs — and the uncertainty with his overall trade policy — could lead companies to raise prices on the goods they produce. Here are the companies that ...