US price gauge steady in July; core inflation ticks higher, Fed cautious on rate cuts
Despite President Trump's tariffs, the Federal Reserve's preferred inflation measure remained steady in July, while core inflation saw a slight increase, indicating ongoing price pressures. This data reinforces the Fed's cautious approach to interest rate cuts, as inflation remains above the central bank's 2% target. Trump has criticized Fed Chair Powell for not implementing aggressive rate cuts.
Despite President Trump's tariffs, the Federal Reserve's preferred inflation measure remained steady in July, while core inflation saw a slight increase, indicating ongoing price pressures. This data reinforces the Fed's cautious approach to interest rate cuts, as inflation remains above the central bank's 2% target. Trump has criticized Fed Chair Powell for not implementing aggressive rate cuts. What's Your Reaction?
