Price Data Complicates Case for Trump’s Craved Rate Cut

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, US economy editor Molly Smith looks at the implications of the wholesale prices report. Sign up here and follow us at @bpolitics. Email our editors here.

For President Donald Trump, Treasury Secretary Scott Bessent, and everyone else eager to see interest rates come down fast, today’s inflation data was a step in the wrong direction.