US inflation eased to 3.4% in July, but broader price pressures kept the Federal Reserve's September rate decision uncertain amid a possible hike.

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

Another inflation reading comes as the Federal Reserve mulls potential interest rate hikes.

US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above…

US inflation eased to 3.4% in July, but broader price pressures kept the Federal Reserve's September rate decision uncertain amid a possible hike.