According to WuShuo, the Federal Reserve submitted its July Monetary Policy Report to Congress, stating that U.S. inflation has risen again this year. In May, the overall PCE price index increased by 4.1% year-over-year, while core PCE rose by 3.4% year-over-year. Key factors include tariff hikes, rising energy prices due to Middle East conflicts, and increased demand for AI-related high-tech products. The U.S. labor market remains generally stable, with a June unemployment rate of 4.2% and Q1 real GDP growing at an annualized rate of 2.1%. Since the beginning of the year, the FOMC has maintained the federal funds rate target range at 3.5% to 3.75%, reiterating its commitment to achieving price stability. The report also includes the June economic forecast: Federal Reserve officials project median PCE inflation and core PCE inflation for 2026 at 3.6% and 3.3%, respectively. The year-end federal funds rate median forecast is 3.8%, higher than the 3.4% predicted in March. https://(wublock123.com)/news/fed-s-monetary-policy-july-inflation-rises-year-end-rate-median-3-8-64409