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InflationJuly Inflation Holds at 3.4% Annual Rate as Shelter Costs Keep Pressure OnMortgage & Housing30-Year Mortgage Rate Edges Down to 6.67%, Freddie Mac Survey ShowsEconomyFederal Reserve Holds Rates at 3.5%–3.75%; September Cut Remains UncertainDebtFederal Student Loan Defaults Surge Past 9 Million Borrowers, a Record HighConsumer NewsIRS Warns: Fake Official Letters Are Targeting Crypto Holders with Fraud WebsitesInflationJuly Inflation Holds at 3.4% Annual Rate as Shelter Costs Keep Pressure OnMortgage & Housing30-Year Mortgage Rate Edges Down to 6.67%, Freddie Mac Survey ShowsEconomyFederal Reserve Holds Rates at 3.5%–3.75%; September Cut Remains UncertainDebtFederal Student Loan Defaults Surge Past 9 Million Borrowers, a Record HighConsumer NewsIRS Warns: Fake Official Letters Are Targeting Crypto Holders with Fraud Websites
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Today’s Lead Story
Friday, August 14

Inflation

July Inflation Holds at 3.4% Annual Rate as Shelter Costs Keep Pressure On

via Bureau of Labor Statistics

Consumer prices rose 0.1% in July 2026 and are up 3.4% over the past year, according to the latest federal inflation report. Shelter drove most of the monthly increase, while core inflation — stripping out food and energy — came in at 2.5% annually.

Why it matters

Inflation is still running above the Fed's 2% target, meaning everyday purchases remain more expensive than two years ago and a near-term interest rate cut is unlikely.

See all today’s storiesRead source

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