The US CPI is rising at the slowest rate in more than four years, but economists believe consumers will soon see the effects of President Trump's tariffs.

US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday.

Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump's "Liberation Day" tariffs last month. The reading -- which marked the lowest inflation rate since 2021 -- matched economists' expectations.

US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.

Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.

During an earnings call Thursday Walmart said it will be forced to raise prices soon even with the reduced tariffs on China as trade with the United States is negotiated.

The precious metal will keep rising higher, but it's not because investors are afraid of inflation, says billionaire investor David Einhorn.

The Federal Reserve is finding fewer reasons to get out of its interest rate holding pattern with constantly evolving trade policy from the White House.

This week, mortgage rates are mainly driven by headlines about ongoing trade negotiations and the bond market’s reaction to tomorrow’s inflation data. On Monday, the White House announced a 90-day “reset” on steep tariffs with China,