US stock futures edged higher despite President Trump’s threat of a 100% tariff on chip imports, with exemptions for companies relocating production to the US. The tariff announcement injected volatility, overshadowing positive sentiment fueled by expectations of a Federal Reserve rate cut. Trump also plans meetings with Putin and Zelenskiy while imposing tariffs on Indian goods.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026