Inflation
July Inflation Report Released Today: Prices Expected to Ease Slightly to 3.4%
via Bureau of Labor Statistics
The Bureau of Labor Statistics published its July Consumer Price Index report this morning. Economists forecast headline inflation would slip to roughly 3.4% annually from 3.5% in June, with a modest 0.1% monthly gain — though a summer surge in energy costs tied to the Iran conflict added some uncertainty to the reading.
Why it matters
Whether July inflation cooled or re-accelerated will directly influence the Federal Reserve's September rate decision, which could move mortgage rates, credit card APRs, and savings yields in the weeks ahead.


