Fed, inflation
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The 12-month rate of inflation as of July 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 14.7% as the status of the Strait of Hormuz remains uncertain. Core inflation, which excludes energy and food, was 2.5%.
(Corrects day of week in last paragraph) By Howard Schneider WASHINGTON, Aug 25 (Reuters) - The U.S. Federal Reserve will need to raise interest rates soon unless coming data show a continued decline in inflation that remains too high and which has become a "pervasive" concern for businesses and households,
The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer.
A University of Chicago poll finds most economists expect US inflation to stay above 2%, keeping rates and Treasury yields elevated for CRE.