P resident Donald Trump responded to the acceleration of consumer price inflation with a renewal of his demand for the Federal Reserve to cut interest rates immediately.

US inflation jumped last month as President Donald Trump's tariffs took hold, pushing up prices for items from clothing to coffee.

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast.

Experts say the Federal Reserve is unlikely to cave to President Donald Trump's demands for lower interest rates amid the administration's aggressive reset of global trade relationships.

For months, Trump has demanded that the Fed lower interest rates, with no success.