According to the July Consumer Price Index (CPI) report, prices rose by 2.7 percent over the past year, and by 3.1 percent when the “volatile” food and housing sectors are removed from the calculation.
Markets rose following the release of the CPI since the increase in price inflation was not as high as expected. This led to an increase in expectations that the Federal Reserve will cut interest rates next month.
Of course, the CPI numbers are manipulated to understate the true rate, and effects,...
Published on August 18, 2025 21:01