Core inflation held at 2.5%, and that underlying pressure, not tariffs or oil prices, is why the Fed hikes interest rates in September

The Fed's September rate decision hinges on July CPI data due August 12, with the FOMC already split 9-3 and inflation at 3.5% year-over-year.

Core inflation held at 2.5%, and that underlying pressure, not tariffs or oil prices, is why the Fed hikes interest rates in September