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Fed's favored inflation gauge shows consumer prices rose again in June

  • On Wednesday, the Federal Reserve left its key interest rate unchanged at 4.3% as its preferred inflation gauge rose 0.3% from May to June.
  • This decision followed data showing consumer prices increased 2.6% over the past year, surpassing the Fed's 2% target amid ongoing tariff-related impacts.
  • Consumer spending rose modestly by 0.3% from May to June, while costs for some services fell sharply, offsetting price increases in goods like furniture and appliances.
  • Fed Chair Jerome Powell noted that it is likely the tariff-related price increases are temporary, but he cautioned that fully understanding inflation trends may take longer than initially anticipated.
  • The steady inflation rise and cautious consumer spending suggest the Fed may delay cutting rates, with economists noting persistent tariff pressures could keep monetary policy tight.
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Washington, United States.Inflation in the United States continued to rise in June, when it stood at 2.6% in twelve months, according to the official CPE index, reference for the Fed, published on Thursday, hours before the entry into force of new import tariffs.Prices rose more than expected by analysts, which predicted 2.5%, according to the MarketWatch consensus.In May, 12-month inflation stood at 2.4%.The underlying inflation, excluding the …

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NBC Chicago broke the news in Chicago, United States on Thursday, July 31, 2025.
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