It is unclear if Donald Trump's 10% universal tariffs and his trade policy flip-flops will hurt the U.S. economy in the coming months, OCBC said.

So far, the impact of President Donald Trump's campaign of steep tariffs against U.S. trading partners has been difficult to spot in hard economic data, but that may be about to change.

But the yield on the longer-term 10-year Treasury note was little changed after the inflation report.

Here’s a closer look at May’s CPI inflation report, and which prices increased and decreased the most.

Inflation eased to new 4-year low in April before tariffs had yet to significantly boost consumer prices.

It is unclear if Donald Trump’s 10% universal tariffs and his trade policy flip-flops will hurt the U.S. economy in the coming months, OCBC said.

It is unclear if Donald Trump’s 10% universal tariffs and his trade policy flip-flops will hurt the U.S. economy in the coming months, OCBC said.

Inflation eased to new 4-year low in April before tariffs had yet to significantly boost consumer prices.