Fed’s Favorite Gauge Is Seen Showing Faster Inflation

Customers look at vehicles for sale at a GMC Chevrolet dealership in Yuma, Arizona, US, on Monday, March 31, 2025. Whether Donald Trump's 25% tariffs on imported vehicles achieve the president's goal of revitalizing domestic auto manufacturing remains to be seen, but the levies that start April 3 are almost certain to push up the prices of new models if they stay in force for more than a few months.