CPI increased by 2.8% in July, housing energy pushed up, is interest rate cut stabilized? 🤫🤔

According to ChainCatcher, experts expect overall U.S. inflation to rise in July, with the Consumer Price Index (CPI) rising 2.8% year-over-year and the core CPI inching up to 3%. Housing and energy prices were the primary drivers, with rising prices for household goods, healthcare, and clothing offsetting declines in car and airfare prices.