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US inflation holds at 3.7% in July, complicating Fed rate debate
U.S. inflation remained unchanged in July, exceeding the Federal Reserve's target. This persistent inflation complicates the central bank's debate on interest rates. Economic growth for the second quarter was also reported unchanged at 1.5%. New tariff pressures are anticipated after trade talks with Canada failed. The Federal Reserve faces a difficult decision regarding monetary policy adjustments.
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forbes.com
Key Inflation Gauge Unchanged In July—Here’s Why Interest Rate Hikes Are Likely
The Federal Reserve earlier signaled interest rate hikes unless they saw improvements to inflation.
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apnews.com
Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights
An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs.
