No Inflation Spike In The Month Of July

The video discusses the current state of inflation in the U.S., highlighting a slowdown in the Consumer Price Index (CPI) growth from 9.1% in June to 8.5% in July. Falling gas prices have contributed to this trend, but prices for essentials like food and rent continue to rise. The Federal Reserve is expected to maintain interest rate hikes to manage inflation, affecting loans and credit. Despite economic challenges, job growth remains strong, which could further influence consumer prices.

What are some of the necessities that saw a price increase in July?

What is the Federal Reserve's annual target for inflation, and how does it relate to current trends?