Latest News July 30, 2026 The Federal Reserve’s favored measure of inflation rose 3.7% last month, above its 2% target Posted By: Published Thursday, July 30, 2026 | 5:39 a.m. Updated 1 hour, 26 minutes ago WASHINGTON (AP) — The Federal Reserve’s favored measure of inflation rose 3.7% last month, above its 2% target.