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August 12, 2026
US Inflation Rate Holds Steady at 3.4% in July, Impacting Fed Rate Hike Outlook
- The annual inflation rate remained at 3.4% in July, unchanged from June, indicating a stable pace of price increases.
- Consumer prices rose by 0.1% in July, with core CPI increasing by 0.2%, while energy prices have seen significant fluctuations.
- Market expectations for a September interest rate hike have decreased, with only a 38% chance now anticipated, down from 70% a month ago.
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5 Sources
- Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%Aug 12, 2026 at 12:37 PM · CNBC
- US inflation cooled slightly to 3.4% in July, according to latest dataAug 12, 2026 at 12:39 PM · The Guardian
- Inflation fell in July as Iran war marches onAug 12, 2026 at 12:46 PM · The Hill
- US inflation eases as food and fuel costs coolAug 12, 2026 at 2:09 PM · BBC
- Here are five key takeaways from the July CPI inflation reportAug 12, 2026 at 4:12 PM · CNBC