Inflation cooled in July but remained elevated as Fed weighs rate hikes

Inflation cooled in July but remained elevated as Fed weighs rate hikes

Source: www.foxbusiness.com · Section: business-tech · Bias: Right · Published: Wed, 12 Aug 2026 12:32:45 GMT

The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated.

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