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Inflation uptick shows why Federal Reserve is taking wait-and-see approach to rate cuts

Name: Inflation uptick shows why Federal Reserve is taking wait-and-see approach to rate cuts
Uploaded: 2025-07-15T18:01:00-0400
Duration: 2 min 52 s
Description: New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.

New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.