Tue, 12 Aug 2025

Tue, 12 Aug 2025 US inflation holds but underlying prices creep up

Inflation remained at 2.7% as investors weighed-up whether the US Fed will cut interest rates.
US inflation remained steady at 2.7% in July, despite import tariffs, with some analysts suggesting that this could support a cut in interest rates by the Federal Reserve next month. The core inflation rate, which strips out food and energy costs, rose to 3.1%, its fastest pace in six months. Some experts believe that the contained pace of price rises will help the Fed lower borrowing costs to boost the economy, while others warn that tariffs may still have a significant impact on prices in the long term.
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