July’s inflation report just sent mixed signals and Wall Street is already making bold moves.<br /><br />Overall prices cooled, with headline inflation holding at 2.7%, under expectations. But the number economists watch most, core inflation, jumped to 3.1%, the highest since February.<br /><br />Driven by rising costs in medical care, airline fares, furniture, and used cars plus new tariffs from Trump’s latest wave, the pressure could still hit consumer wallets later this year.<br /><br />Yet despite the hotter core inflation, traders are still betting on multiple Fed rate cuts in 2025.
