U.S. CPI data shows stable inflation and lower costs for groceries and gas; September interest rate cut likely

MacDailyNews
Aug 12, 2025, 2:00 pm323 pts
President Donald Trump’s White House Press Secretary Karoline Leavitt Today’s U.S. Consumer Price Index (CPI) report shows inflation holding steady at 2.7% in July, defying predictions of sharp tariff-driven spikes and signaling economic stability under President Trump’s leadership. With gas prices down 2.2%…

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