July CPI Expected to Rebound After June Dip
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- July CPI is expected to bounce back from June's unexpected inflation decline, with the WSJ framing the print as a test of Warsh's tough talk on rates.
- Dow, S&P 500, and Nasdaq futures were little changed ahead of the Wednesday CPI release.
Why it matters: A July CPI rebound would suggest June's cooling was a temporary blip. A continued decline, by contrast, would undercut the tough-talk stance Fed officials like Warsh have taken on inflation.
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