Overall, investors see a September rate cut as likely after the latest CPI report, and the Trump administration argues that the data show tariffs are not boosting inflation as feared.

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Fed Governor Michelle Bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its July meeting.