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Stock futures are little changed as traders await more inflation data: Live updates cnbc.comUS annual inflation cooled to 3.4% in July as gas prices ease CNNU.S. Stocks Mixed After Inflation Data, AI Earnings WSJFed expected to leave rates unchanged next month after soft inflation data ReutersHigher energy prices remain despite cooling inflation, new data shows
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Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
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US consumer inflation mild in July, economy still not out of the woods reuters.comConsumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4% CNBCMarkets Get Inflation Relief, AI Names and Wendy's Rally | Markets P.M. for August 12 WSJS&P 500 ends higher as CoreWeave results fuel AI optimism reuters.comFed's Warsh gets a break as inflation
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Readings for July on the prices consumers pay for goods and services came in pretty much on target.
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A surprising decline in U.S. jobs last month isn't enough to discourage the Federal Reserve from raising interest rates soon, but a tame inflation report for the second straight month could do the trick.
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