A key measure of consumer prices in July posted the biggest increase in six months, suggesting inflation is showing some upward pressure from tariffs but perhaps not enough to deter the Federal Reserve from cutting interest rates soon.

Fed minutes from the July 30 meeting don't in general sound like they are setting us up for a rate cut. Market yields were up across the curve on the back of these minutes. Read more

Mexico’s prices rose much less than expected earlier this month while the economy grew modestly in the second quarter according to data published Friday, raising odds of another interest rate cut in September.

San Diego’s inflation rate was 4% in July — fueled primarily by rising prices for food, medical care and cars — making it highest in the nation.

The International Monetary Fund (IMF) says recent monetary policy responses to the stubbornly high inflation have proven to be insufficient. Four monetary policy committee (MPC) meetings took place in 2024,

Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market expectations that the Bank of England will cut interest rates again this year.

Beth Hammack, the president and chief executive of the Federal Reserve Bank of Cleveland, thinks the Fed needs to maintain its focus on fighting inflation.

Market-based expectations of long-term inflation were rising on Friday, suggesting the Federal Reserve could be underestimating the risk of future price gains and may be committing a policy error if it cuts interest rates.