2% target
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
benchmark overnight interest rate
Fed to hold rates steady as inflation dims hopes for policy easing
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.
baseline interest rate
Report: Inflation Increased Again In March As Consumer Spending Rose
According to the latest report, inflation increased in March, with a key barometer the Federal Reserve watches closely showing that price pressures continue to increase.