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Fed Minutes Show Majority of FOMC Saw Inflation

Fed minutes show tariff inflation fears outweighed jobs market in July rate decision

Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.

U.S. News Money · 16h

Fed Divided in July on Inflation, Tariffs and Jobs

Minutes of the Federal Reserve’s July meeting show widespread concern over the slowing economy and the impacts of import tariffs.

Bloomberg L.P. · 11h

Fed Minutes Show Majority of FOMC Saw Inflation as Greater Risk

Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee.

Air fares and food prices push up inflation

BBC · 5h

Air fares and food prices push up inflation to 3.8% in July

The cost of food and non-alcoholic beverages rose 4.9% in the year to July, up from 4.5% in the year to June. It was the fourth month in a row in which food and drink inflation had risen, bringing prices to their highest since February 2024.

The Associated Press on MSN · 1d

Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes

Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.

Reuters · 17h

South Africa's inflation pushed to 10-month high by food and fuel prices

South Africa's consumer price inflation rose to 3.5% year-on-year in July, driven to its highest level since September 2024 by higher food and fuel prices though still within the central bank's target range.

Rate Of Inflation Cools In July, Case For Rate Cuts Builds

With inflation easing and the labor market cooling, the risks of keeping policy too tight are mounting. The CME Group now ...

8don MSN

Inflation Held Steady at 2.7% in July

Consumer prices were up 2.7% in July from a year earlier, unchanged from June’s gain ...

8don MSN

Inflation cools slightly in July from prior month

The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.

Fed Rate Cut Grows More Likely as Inflation Holds Steady at 2.7%

Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next ...

8don MSN

San Diego’s inflation rate is highest in nation at 4%

San Diego’s inflation rate was 4% in July — fueled primarily by rising prices for food, medical care and cars — making it ...

1don MSN

Canada Inflation Eases in July, Raising Hopes Interest Rates Will Again Be Cut

The pace of inflation in Canada cooled last month, offering some hope the central bank will resume lowering interest rates to ...

The Canadian Press on MSN1d

Economists split on BoC’s next rate move after July inflation data

Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need ...

6don MSN

Japan's July inflation rate likely eased but remained above BOJ target: Reuters poll

Japan's core inflation rate in July likely slowed from the previous month but remained above the Bank of Japan's 2% target, a ...

22h

Where inflation jumped in July – and where it eased

A steep jump in the cost of air travel, along with increases in the price of many everyday items from tea and coffee to ...

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