The research firm also said many companies would absorb some of the costs or hold off on price increases as they await White House negotiations with foreign countries.

However, uncertainty over what is to come is still affecting companies and their profit-making abilities.

The Organization for Economic Co-operation and Development, or OECD, said this month it expects U.S. inflation to reach 4% by the end of 2025, which would mark a sharp increase from current levels.

Consumer prices increased 2.4 percent in May compared with a year ago, according to a Labor Department report released Wednesday.

That would be the first increase in four months and up from 2.3% in April.

U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading.

Trump said Wednesday that China will supply rare-earth minerals and magnets to the United States, while his government will allow Chinese students into U.S. universities in a deal that still needs an ...

Americans shared their thoughts on President Donald Trump sending the National Guard and the Marines to Los Angeles.

Wall Street's main indexes rose on Wednesday, as a tame inflation report calmed investor concerns around tariff-driven price pressures while markets awaited more details on Sino-U.S. trade talks. Data showed consumer prices increased only marginally in May,

Inflation rose less than expected in May, according to data from the Bureau of Labor Statistics (BLS) released on Wednesday.