#JulyCPIInLineAsInflationCools U.S. inflation delivered a relatively encouraging July report, with the Consumer Price Index rising 3.4% year over year, matching economists’ expectations and easing from 3.5% in June. On a monthly basis, CPI increased 0.1%, following a 0.4% decline in June.
The latest numbers suggest that price pressures are continuing to cool, although inflation remains above the Federal Reserve’s longer-term 2% target. The moderation is important because inflation has remained one of the biggest factors shaping expectations for interest rates, financial markets, household bor