US Inflation Remains Elevated as GDP Growth Outlook Brightens

Report: Inflation still elevated above Fed goal

Annual U.S. inflation held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the unexpected pause in the decline from a recent war-induced peak is likely to intensify the central bank's debate over…

US inflation remains elevated as GDP growth outlook brightens

Annual U.S. inflation held steady in July well above the Federal Reserve’s 2% target for the 65th straight month, and the unexpected pause in the decline from a recent war-induced peak is likely to intensify the central bank’s debate over whether interest rates should be lifted or held steady. The post US inflation remains elevated as GDP growth outlook brightens appeared first on Hawaii Tribune-Herald.

Inflation stays high as economic growth outlook improves

Latest data shows U.S. inflation remains elevated, with annual rates holding steady above the Federal Reserve’s preferred 2% target. The big picture: Despite persistent inflation, economists are revising GDP growth forecasts upward, citing resilient consumer spending and robust job creation. Core inflation, which excludes food and energy, also remains stubborn, complicating the Fed’s path toward rate cuts. What we’re watching: The Fed has indic…