Skip to content
Subscriber Only
Markets
Economics

U.S. Core Inflation Hits Six-Month High in Broad-Based Gain

  • Measure excluding food and energy rises more than expected
  • Pickup could limit case for additional Fed rate cuts
Video player cover image
U.S. Core Inflation Hits Six-Month High in July
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

A key measure of U.S. consumer prices unexpectedly accelerated in July in a broad-based advance, signaling inflation may be firming as the Federal Reserve debates whether to lower interest rates further.