President Donald Trump has decried the “incalculable” damage Federal Reserve Chairman Jerome Powell has done by not lowering interest rates after inflation rose less than expected from a Tuesday report.
The Consumer Price Index (CPI) increased by a seasonally adjusted 0.2 percent in July and 2.7 percent on an annualized basis, according to the Bureau of Labor Statistics (BLS).
These figures are slightly less than expected; Dow Jones estimates 0.2 percent for the month of July and 2.8 percent annually.
The CPI measures increases in prices based on surveying a basket of goods.
Core inflation, which is measured by excluding food and energy prices…
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