Inflation Cooldown Gives Fed Breathing Room | San Antonio News

Wholesale inflation cooled last month, with the producer price index rising just 4.7% year-over-year—down from 5.5% in June—and prices flat on a monthly basis. Core inflation also eased to 4.2%, offering the Fed some breathing room as they weigh their next move. While gas prices dipped early in July before rebounding, the broader trend suggests relief for consumers struggling to keep up with rising costs. With job numbers showing a slight dip, the Fed may pause rate hikes, hoping this slowdown sticks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9eb19a8435961f8f