US Inflation Remains Steady in July, Influencing Federal Rate Decisions
TL;DR
The Federal Reserve's preferred inflation measure remained stable in July, supporting the likelihood of interest rate cuts in September as inflation stays near target levels, despite tariff-induced price pressures and steady consumer spending.
- PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates The New York Times
- Core inflation rose to 2.9% in July, highest since February CNBC
- US consumer spending strong; core inflation warmer on services Reuters
- Inflation is climbing. Trump might still get lower rates. Politico
- Here are the biggest takeaways from the government's latest inflation data CBS News
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