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US inflation holds at 3.7 percent in July, above Fed target
US inflation remained at 3.7 percent in July, staying above the Federal Reserve target as energy prices spiralled following US and Israel attacks on Iran.
- US inflation held at 3.7 percent in July.
- Energy prices spiralled following US and Israel attacks on Iran.
Part of the storyline: Will the Fed raise rates again?
US economy created fewer jobs than previously reported in 2025-2026 benchmark revisions
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