Inflation Cools, Fed Pauses: What the Latest Data Means for Your Wallet

The inflation narrative shifted decisively this week with July CPI rising just 0.1% month-over-month and 3.4% year-over-year—down from June's 3.5%. Even better, core CPI climbed only 0.2% monthly (2.4% annually), while producer prices held flat in July, with the annual PPI cooling to 4.7% from June's 5.5%. Markets immediately priced out a September Fed rate hike, dropping implied probability to near zero. The S&P 500 jumped 0.3% to 7,748, just shy of...