Inflation data for July delivered a split message for markets — headline price growth cooled, but underlying inflation came in hotter than expected, suggesting President Donald Trump’s tariff wave has yet to create a broad price shock in the economy.
- QQQ ETF is moving fast in premarket trading. Check live prices here.
The Consumer Price Index rose 2.7% year-over-year in July, unchanged from June and falling short of economists’ forecasts of 2.8%, while the monthly rate decelerated from 0.3% to 0.2%, in line with expectations.
Core inflation — which strips out volatile food and energy prices — …