Federal Managers Association

In the News

• 2026 COLA Projections Increasing With Latest Inflation Trends - July 15, 2025

• By Ralph R. Smith, FedSmith

  The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in June, after rising 0.1% in May. The index for all items less food and energy rose 0.2% in June, following a 0.1% increase in May. This index excluding food and energy, is considered a better predictor of inflation because it is less volatile in a short term.
  
  The increase in inflation may be the result of tariffs imposed by the United States on various countries, which could cause inflation to jump. That has not happened, but the latest data are an increase and could influence the Federal Reserve on a decision not to lower interest rates in the near future.

  To read the full article, click here.

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