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Fed Eyes July CPI, Split on September Rate Move

8/12/2026

48 11 Full Breakdown

Summary

Story summary

Fed will weigh July CPI, forecast at +0.1% and +3.4% yearly, before its September rate decision.
The July FOMC voted 9-3 to keep rates at 3.5%-3.75% with FedWatch showing a 50.3% chance of unchanged September rates and 49.7% chance of hike to 3.75%-4%.
Bureau of Labor Statistics (BLS) will release CPI on Wed., Aug. 12 at 8:30 a.m. ET while Vanguard economist Adam Schickling expects a +0.1% rise after June’s 0.4% drop.

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Story summary

Fed will weigh July CPI, forecast at +0.1% and +3.4% yearly, before its September rate decision.
The July FOMC voted 9-3 to keep rates at 3.5%-3.75% with FedWatch showing a 50.3% chance of unchanged September rates and 49.7% chance of hike to 3.75%-4%.
Bureau of Labor Statistics (BLS) will release CPI on Wed., Aug. 12 at 8:30 a.m. ET while Vanguard economist Adam Schickling expects a +0.1% rise after June’s 0.4% drop.