In the past week, the latest metrics for several key economic indicators have been released amid global uncertainty over the impact of President Donald Trump’s tariffs. In May, the Bureau of Labor Statistics’s (BLS) inflation report showed prices rising at a lower rate than many economists expected, while the bureau’s jobs report showed hiring slowed slightly from the month prior but also came in higher than projections. Separately, negotiators from the Trump administration and the Chinese government met in London this week to negotiate a trade agreement, and President Trump announced on Wednesday that the sides had reached a deal. 

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