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U.S. Inflation Rises Above Fed’s Target

Updated 2026-08-26 12:55 UTC 1 source Neutral

The U.S. inflation rate, as measured by the main gauge used by the Federal Reserve, increased in July and is now well above target levels. This development could push the Fed closer to raising interest rates next month.

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U.S. inflation rises again and stays well above Fed’s target. Rate hike might be in play.

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at an elevated rate in July, potentially pushing the Federal Reserve closer to a vote to raise interest rates next month.

2026-08-26 12:38 UTC