The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues.

A range of imported household appliances including dishwashers, washing machines, refrigerators and more will be subject to the US's expanded steel tariffs starting later this month, Reuters reported on Thursday.

The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

Economists and investors for possible effects of tariffs on prices when the Bureau of Labor Statistics release May’s consumer price index on Wednesday.

Canada’s unemployment rate rose to 7% in May, and more layoffs may follow, according to former Bank of Canada Governor Stephen Poloz, who linked weakening labor demand to trade uncertainty and inflationary pressures from counter-tariffs.