Inflation expected to hold steady in July as investors eye rate cuts

Inflation expected to hold steady in July as investors eye rate cuts
https://finance.yahoo.com/news/inflation-expected-to-hold-steady-in-july-as-investors-eye-rate-cuts-190935803.html

Summary

Certainly! Here are the key takeaways from the article on July's Consumer Price Index (CPI):

• Headline Inflation: Expected to remain unchanged at 3.0% from June.
• Core Inflation: Likely to slow down to 3.2% annually, with a 0.2% monthly increase.
• Shelter Prices: Expected to reverse June's deceleration[^1^][1].
• Producer Price Index (PPI): Came in cooler than expected, emphasizing the case for Fed rate cuts[^2^][2].

Overall, inflation data is closely watched by investors and may impact future Federal Reserve interest rate policy. (Source: AP)