Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates. | The consumer price index, excluding often-volatile food and energy categories, increased 0. 2% from a month earlier, according to Bureau of Labor Statistics data out Wednesday.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-13/the-opening-trade-8-13-2026-video)