The data complicates the picture for an anticipated interest-rate cut at the Federal Reserve’s next meeting in September by nudging the central bank’s inflation gauge in the w

The Bank of England will cut interest rates by a quarter-point once more this year and then again in early 2026 as a resilient economy generates persistent inflation, according to most economists in a Reuters poll who have largely not changed their outlook in the past month.

The housing market is juggling mixed economic signals-ranging from stubborn shelter costs to easing mortgage rates.

The Current Inflation Rate Is 2.7%. Here's How That Could Affect This Leading Retail Stock. Inflation may have cooled off from its peak of around 9% in 2022, but the beast has not been fully tamed.

Inflation is expected to have risen to its highest level since January last year under official figures due to be published shortly. Analysts have estimated that prices rose at a pace of 3.7pc in the year to July, up from 3.6pc in June, as companies grapple with the impact of Rachel Reeves’s tax raid which took effect in April.

With CPI easing but PPI spiking, Powell’s Aug. 23 Jackson Hole speech lands as markets reassess a September cut. Tariff pass-through risks and softening jobs strain the Fed’s dual mandate. Expect a market-moving signal for rates,

Christopher Waller, first nominated to his post by President Donald Trump in 2019, has become one of the most closely watched Fed officials.

The rate of Consumer Prices Index (CPI) inflation is widely expected to have increased to 3.7% in July, from the 3.6% recorded in June.