Focus in the coming week will center firmly on U.S. inflation data as investors gauge whether the Federal Reserve could raise interest rates in the coming months, and possibly as early as this month.

The Consumer Price Index is the most commonly used measure of inflation in the United States. The CPI for all items increased by 0.9% in March 2026, on a seasonally adjusted basis, as reported by the U.

The odds of a rate cut in the meetings from July to October 2026 have decreased, reflecting market expectations that the Fed will continue its current policy stance. The probability of a rate cut in the October 28 meeting is currently priced at just 0.

The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target

The new CPI report showed inflation in April surged to the highest rate since 2023.

Cleveland Fed's Hammack signals a potential rate hike to combat inflation. Rate cut by October 2026 now at 0.1% YES, with rate hike decision at 63.5% YES.

The 12-month rate of inflation as of July 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 14.7% as the status of the Strait of Hormuz remains uncertain. Core inflation, which excludes energy and food, was 2.5%.

Woman reviewing expenses, trying to figure out increasing costs and how to best manage her finances. If you’re budgeting around the government’s inflation rate, you may already be falling behind. Your real cost of living is shaped by your own spending ...

The European Central Bank is seen hiking rates in September as the Iran war raises energy costs in the region.