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The Week in Numbers: rising prices, soaring bitcoin - REUTERS
STORY: From what Trump said about Fed chief Jerome Powell, to why bitcoin got another boost, this is the Week in Numbers.
About 3.5% was the annual rate of inflation in the U.S. in June, sharply up on a month before.
Economists say that may signal Donald Trump’s tariffs are hitting prices, and will cut hopes for more rate cuts.
The Federal Reserve’s caution on rates has left the president furious with bank chief Jerome Powell.
“He’s a knucklehead”.
But Trump again moved to cool talk that he could try to oust Powell early.
19% is the tariff set by Trump for goods from Indonesia.
That was down on the 32% he had threatened, and the latest in a limited number of trade deals.
Trump says more agreements are in the works, but the EU is readying retaliation if it can’t get an accord before the August 1 deadline.
GRAPHIC 60>#/p###
Over 60% was the surge in profits for chip giant TSMC over the latest quarter.
The Taiwan firm is the world’s top maker of advanced AI chips, making it a big winner from the chatbot boom.
TSMC predicted another leap in sales for the coming quarter, saying there was no sign the hot demand was cooling off.
5.2% was the growth on the year for China’s economy over the April-June quarter.
That beat forecasts, with factories apparently rushing to get orders out before Trump’s tariffs kicked in.
But analysts say weak demand at home, and the risk of further trade turmoil, will have Beijing under pressure to do more stimulus.
GRAPHIC $123,000
And $123,000 was the latest record high set by bitcoin.
Though it eased back a little later in the week, the token has been on the up as investors bet the Trump administration will push through crypto-friendly policies.