Overview

• Consumer prices rose 0.2% from June to July, with a year-over-year increase of 2.9%.
• The Federal Reserve is expected to start cutting rates next month, though the size of the cut remains uncertain.
• Core inflation, excluding food and energy, increased at the slowest pace since early 2021.
• Financial markets reacted positively, with the S&P 500 achieving its longest winning streak in over a month.
• Key economic indicators, including retail sales and job market data, will influence the Fed's final decision.