Inflation Was Moderate
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CPI report today: Inflation rises slightly in July but Fed hike still no sure thing — live updates
Follow MarketWatch's live coverage of the CPI report for July, and what it means for markets, interest rates and your money.
The US Federal Reserve is in a genuine bind, with a lot of economic data, including the job market, US CPI and PPI for August, arriving before the next FOMC meeting.
Inflation just moved lower for the second month in a row. So, could mortgage interest rates be the next to drop?
Traders are roughly divided on whether the Federal Reserve will hike rates next month. Wednesay’s CPI report could significantly shift those expectations. A softer-than-expected print today “would all but rule out a September hike,
Mortgage rates today rose to 6.861% for 30-year loans as inflation, Treasury yields and Middle East tensions keep pressure on US home borrowing costs.
For the rest of 2026, models from forecasting companies like Trading Economics anticipate an inflation rate of about 3.5% through the middle of the year. After that, it may decline to around 3%.