US stocks mostly up after data shows slightly lower inflation in July

Briefing.com analyst Patrick O’Hare said the market was “pretty disposed to upside action.”

July inflation numbers showed a cooling to a 3.4% annual rate, according to the latest report. Matt Phillips, a markets correspondent for Axios, joins with more.

Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.

CPI report shows inflation cooled again, but still outpaced paychecks in July  USA Today

U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3.4% in July from a year ago, down slightly from 3.5% in June, the Labor Department said

Core inflation, which strips out food and energy, climbed 0.2% for the month and 2.5% over the past year

Grocery prices in the United States continue to rise faster than policymakers would like. The consumer price index (CPI) increased to 3.4% year on year last month, just one-tenth of a percentage point lower than the previous month, according to data published on Wednesday by the Bureau of Labor Statistics (BLS), the ag

Grocery prices in the United States continue to rise faster than policymakers would like. The consumer price index (CPI) increased to 3.4% year on year last month, just one-tenth of a percentage point lower than the previous month, according to data published on Wednesday by the Bureau of Labor Statistics (BLS), the ag

Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran. Though inflation dec

US stock futures gain ahead of July inflation data  Reuters

Food inflation fell to 7.16 percent in July from 8.60 percent in June

Calapan City, Philippines — Inflation in the Mimaropa region eased to 5.3 percent in July, down from 5.7 percent in June, according to a special report from the Philippine Statistics Authority (PSA) on Monday. This signals a slight cooling of price pressures in the region, according to government economists.  The decel

Dollar Could Fall if U.S. Inflation Data Lower Than Forecast  WSJ