This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
Higher borrowing costs could lead Federal Reserve to forgo another hike
Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting
Surprising resilience continues amid tighter monetary policy
The unemployment rate has scarcely budged since the Fed began a series of 11 rate hikes
Policymakers made clear Wednesday that they aren't close to declaring victory over the worst bout of inflation in 40 years
Another rate hike this year will likely remain on the table, and Fed officials may project fewer cuts for next year
Governing board reaches full strength with Biden appointees
Decline in the core measure points to inflation coming under control
Economists, traders increasingly believe Federal Reserve won't hike in September