Inflation Cools, Trade Talks Freeze, and Supply Chains Strain: Global Economy Update

US consumer inflation cooled for a second straight month in July, with headline CPI rising 3.4% year-over-year and core CPI edging up just 0.2% monthly (2.5% annually). The data eases immediate pressure for a September rate hike, but underlying price pressures remain above the Fed's 2% target. AI-driven tech price surges and persistent services inflation keep the door open for tightening.

Canada-US Tariff Talks Hit Deadlock as...