US Inflation Remains Steady Amid Strong Consumer Spending
TL;DR Summary
Despite rising inflation metrics, the Federal Reserve is considering a rate cut in September, driven by signs of a softening labor market and slowing economic growth, amidst ongoing tensions with President Trump over monetary policy and tariffs.
- Inflation is climbing. Trump might still get lower rates. Politico
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
- Americans kept spending last month despite elevated inflation CNN
- US consumer spending strong; core inflation warmer on services Reuters
- Here are the biggest takeaways from the government's latest inflation data CBS News
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