U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.
- Fed: 7 events in the last 90 days
- Previous: earlier the same day · As Cook case smolders, Trump has other paths to shape Fed policy team
What happened
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.
Summary assembled by rule from the sources below