The Latest Breaking News from US Federal Reserve

How ‘Phantom’ Data Center Projects Are Making It Impossible to Forecast AI Power Demand — ‘Grid Operators Don’t Know Which Ones Are Real’

Electricity bills are rising, but how much of the AI-fueled demand surge for power is real? As it turns out, we don't really know.

Barchart · Aug 12

US credit card debt climbs to $1.26tn, nearing last year’s record high

Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed report

The Guardian - US · Aug 12

Inflation came in perfectly on forecast. Almost everything underneath it is a ‘mess’

July CPI offered some welcome relief, but the report masks stubborn rent increases and wages that can barely keep up.

Fortune · Aug 12

US inflation eases to 3.4% in July as the Fed's September call stays on a knife edge

US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.

Euronews · Aug 12

Inflation slowed last month as gas prices fell but costs remain elevated

Cost increases continue to outpace average wage growth, maintaining financial pressure on American households managing higher bills for groceries, fuel, and healthcare

The Independent UK · Aug 12

July Inflation Was In Line With Expectations. Expectations For a Fed Rate Hike Decreased.

Expectations that the Fed will hold interest rates unchanged in its September meeting increased on Wednesday after the July inflation rate was in line with estimates.

International Business Times · Aug 12

US consumer prices increase as expected in July

U.S. consumer prices saw a slight increase in July, which could impact Federal Reserve rate decisions. Core inflation also gained marginally, following a previous decline in June. Markets had anticipated a higher chance of a September rate hike before this report. However, the Federal Reserve will still review August data…

The Economic Times · Aug 12

Headline And Core Inflation Rose In Line With Expectations In July, BLS Data Shows

Headline and core inflation rose in line with expectations in July, according to data released by the Bureau of Labor Statistics on Wednesday.

International Business Times · Aug 12

Inflation Cools to 3.4% as Expected in July: Is This Enough for the Fed? (UPDATED)

Editor’s note: This article was updated to add more context and detail.

Benzinga · Aug 12

US inflation cooled slightly to 3.4% in July but prices still elevated

Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war

The Guardian - US · Aug 12