July Prices Cool Down as Fed Prepares for Global Showdown

In July, prices took a breather, with core inflation dipping to 2.5%, the lowest since 2021! But wait—headline inflation is still at 3.4%, and global tensions are making things a bit wobbly. The Federal Reserve is feeling the heat, trying to balance good news at home with the worldwide rollercoaster as they prepare for their big September meeting.