Nigeria, May 14 -- This report is from today's TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are.

At its May 7 meeting, the U.S. Federal Reserve warned that President Donald Trump's heavy tariffs from April 2 have put America at greater risk of stagflation, in which the economy slows or contracts while inflation soars.

However, Tuesday's inflation data revealed that prices haven't increased yet; the annual reading was lower than anticipated, and the core figure, which does not include volatile food and energy prices, was also lower than anticipated for the month.

It's worth noting that the data reflects just one month following the imple...