Inflation cooled slightly in July, with the CPI rising just 0.1% month-over-month and 3.4% annually—down from June’s 3.5%. Wall Street reacted positively, hoping for potential Fed rate cuts, though the national average masks individual struggles, especially for renters. Even with slowing price growth, costs haven’t dropped, and markets can overreact to small shifts. New highs in stocks don’t reflect personal financial relief—these reports shape policy and borrowing costs, but not everyone’s wallet.
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