https://www.live-feeds.com/feed/us-inflation-remains-elevated-as-gdp-growth-outlook-brightensContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-inflation-remains-elevated-as-gdp-growth-outlook-brightenshttps://www.live-feeds.com/feed/us-inflation-remains-elevated-as-gdp-growth-outlook-brightens#u50839Fri, 28 Aug 2026 11:01:00 +0000US inflation remains elevated, with one report placing the rate at 3.7%. Core prices rose 3.3% annually in July according to the Federal Reserve's preferred gauge. Persistent price pressures are driven by energy costs, tariffs, artificial intelligence, and conflicts involving Iran. While the GDP growth outlook is brightening, consumers reduced their spending in July as a direct response to these ongoing price pressures.Why it mattersPersistent inflation complicates the Federal Reserve's efforts to stabilize the economy without triggering a recession. The intersection of geopolitical