Fed to hold rates this year despite high inflation, but economists cite high chances of a hike: Reuters poll

By Indradip Ghosh BENGALURU, July 21 (Reuters) - The Federal Reserve will keep its key interest rate steady for the rest of 2026 to tackle a five-year-long inflation problem, according to the median forecasts of economists in a Reuters poll.

Historical U.S. Inflation Rate by Year, Spending Category, and Region

The 12-month rate of inflation as of June 2026 is 3.5%, according to the Bureau of Labor Statistics. Energy inflation spiked to 15.7% as the status of the Strait of Hormuz remains

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

Consumer inflation rate falls for the first time since 2020

The report suggests a slide in prices at the pump in June offered consumers some relief as the worst of the Iran war energy shock started to fade.
The Motley Fool

Inflation Slowed in June, but These 4 Words From Kevin Warsh Suggest Interest Rate Hikes Are Still a Possibility This Year

The Consumer Price Index report that recently came out for the month of June indicated that the annual inflation rate had fallen from 4.2% to 3.5%. The decline was welcome news for a market that has been worried that the war with Iran and overall ...

Trump Says ‘I Love the Inflation’ as Rate Reaches Three-Year High

You know what I really love?” President Donald Trump told reporters in the Oval Office Wednesday. “I love the inflation.” Trump’s remark came as he was asked about the latest data from the Bureau of Labor Statistics,
Morningstar

Inflation jumps to 3-year high, CPI shows, and that's not the end of it

Higher fuel prices have pushed U.S. inflation to a three-year high. The U.S. inflation rate leaped to a nearly three-year high of 3.8% in April because of higher gas prices - and the pain for consumers isn't going away anytime soon. The spurt in inflation ...