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.

The U.S. economy is grappling with inflationary pressures as consumer prices surged in June. This trend is expected to worsen as President Trump's tariffs take full effect, impacting the cost of goods and complicating monetary policy decisions.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.