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Kiplinger
Kiplinger
Business
Karee Venema

July CPI Report Lowers September Rate-Hike Odds: What to Know

Inflation US Federal Reserve David Payne Kiplinger
An inflation indicator made to look like a speedometer with the needle signaling higher inflation.

June inflation reports gave Wall Street something it hadn't seen in a while: negative month-over-month readings. These came as energy prices slumped on a ceasefire between the U.S. and Iran.

But that appears to be a one-off occurrence. According to the Bureau of Labor Statistics (BLS), the July Consumer Price Index (CPI), released Wednesday morning, showed headline inflation rose 0.1% month over month and was up 3.4% year over year.

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