Fed report puts May inflation at 4.1% as tariffs and energy disruption weigh
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
Interest Rates
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Federal Reserve report shows inflation remains well above its 2% goal
The Federal Reserve’s July 2026 report to Congress said headline PCE inflation reached 4.1% through May, while energy prices rose 24% over the same period.
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Weak July Jobs Report Complicates Federal Reserve’s Inflation Fight
U.S. employers cut 23,000 jobs in July, adding pressure for caution on interest rates while inflation remains elevated ahead of the next CPI report.
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U.S. employers cut 23,000 jobs in July as labor-force participation fell
A new federal employment report showed an unexpected July job decline and the lowest labor-force participation rate since February 2021, adding pressure to the Federal Reserve’s policy outlook.
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U.S. Economy Grew at a Sluggish 1.5% Annual Rate in the Second Quarter
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
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U.S. Employers Cut 23,000 Jobs in July, Raising New Labor-Market Concerns
U.S. employers unexpectedly cut 23,000 jobs in July, sending stocks higher and Treasury yields lower as investors reassessed the Federal Reserve’s rate outlook.
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U.S. Payrolls Fell by 23,000 in July, Signaling a Stall in the Labor Market
A new federal employment report showed an unexpected decline in U.S. nonfarm payrolls in July, complicating the Federal Reserve’s choices as inflation remains elevated.
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U.S. employers unexpectedly cut 23,000 jobs in July as labor-market momentum weakens
U.S. payrolls fell by 23,000 in July, while revisions erased 103,000 jobs from earlier reports and complicated the Federal Reserve’s rate outlook.
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Fed says tariffs, energy costs and AI investment pushed U.S. inflation higher
The Federal Reserve’s July report to Congress said inflation rose notably in recent months, while the economy continued to expand and the labor market remained broadly stable.
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Russia’s Bank of Russia Publishes Rate Discussion After Cutting Key Rate to 14%
The Bank of Russia’s Aug. 5 policy materials follow its July 24 decision to cut the key rate by 25 basis points to 14%, while the central bank continues to flag inflation expectations, wage growth and geopolitical pressures.
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Russia’s Central Bank Slows Rate Cuts as Inflation Risks Persist
Russia’s central bank cut its key rate to 14%, but higher fuel costs, inflation expectations and weaker growth are keeping borrowing conditions tight.
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BOJ minutes show why inflation, yen and energy costs complicate rates
Bank of Japan minutes show a tightening bias, but energy costs, yen weakness and Middle East risks leave the timing of the next rate move uncertain.
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ECB holds rates as energy shock clouds Europe’s inflation outlook
The ECB held rates on July 23 as June inflation eased, but volatile energy prices could still affect borrowing costs and the next policy decision.
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Three Fed dissents make near-term rate relief less certain
The Fed held rates at 3.5% to 3.75% on July 29, but three officials favored a hike, complicating the outlook for borrowers before September.
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Fed Holds Rates Steady as Three Officials Favor an Increase
The Federal Reserve held rates at 3.50% to 3.75%, but three officials wanted an increase as inflation stayed above the central bank’s 2% goal.
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The Fed’s July 28-29 Meeting: What a Rate Decision Could Mean for Borrowers and Savers
The Fed’s July 28-29 meeting is weighing inflation, growth and credit conditions. The July 29 decision could affect borrowing costs, savings yields and markets.
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South Korea Raises Rates as Chip Growth Meets Inflation Risks
South Korea lifted its benchmark rate to 2.75% as semiconductor-led growth strengthens, while inflation, housing prices and household debt pressure policymakers.
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Fed warns inflation is rising again ahead of July rate meeting
The Federal Reserve says inflation accelerated as energy, food and tariff pressures weigh on households before its July 28-29 policy meeting.
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Warsh’s first House hearing spotlights Fed independence and inflation
House Financial Services set Kevin Warsh’s July 14 monetary-policy hearing, putting rates, inflation, and Fed independence in focus.