Source: FRED CPIAUCSL and FEDFUNDS Input: demo/fred/fred_snapshot.csv Inflation: 100 * (CPI_t / CPI_t-12 - 1) Sample: 2019-01-01 to 2026-08-01 Paired months: 91 Months with missing series: 1 Missing month(s): 2025-10-01 Latest inflation (%): 3.35 Latest federal funds rate (%): 3.63 Interpretation: descriptive only; this chart does not identify a causal effect.