Inflation is rising slowly, providing flexibility for potential Fed interest rate cuts in September if the job market weakens. Price growth is in line with expectations, with headline inflation at 2.7% and core CPI at 3.1%. The data eases fears of stagflation, with tariffs impacting CPI but manageable for now.

Read more at Barron’s: Inflation ‘Behaved’ In July, Likely Paving Way for Rate Cuts