"Consumer Prices rise in July, but rate of inflation slows"
Yeah, Nah.
Bullshit.
Fed minutes released next Wednesday will show an increased number of Federal Reserve Board of Governors favor Taper.
The count of those in favor now stands at 6 up from 2.
Jerome Powell's recent Press Conference demonstrated Inflation is not going down.
"The increases will happen, we're not saying they will reverse. That's not what 'Transitory' means. It means that the increases in Prices will happen, so there will be Inflation, but the process of Inflation will stop."
".....but you don't have an Inflation Process...."
Rents continue to explode higher, yet to be fully appreciated by the CPI, that's dead ahead.