Inflation Cooling, Prices Flat in July | Business and Finance News

Wholesale prices held steady in July, signaling easing inflation pressures and offering hope that consumer costs won’t spike. After a recent uptick fueled by tariffs, inflation appears to be cooling — with goods prices even falling, driven by lower energy and food costs. Services saw a small uptick, mostly due to quarterly portfolio fees. While the Fed’s 2% target remains out of reach, this data is giving traders pause on rate hikes, pushing expectations to later this year. 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/fd54716c2d942ad2