https://hubbardobrieneconomics.com/2026/08/12/as-expected-cpi-inflation-falls-slightly-in-july/HubbardOBrienEconomics.com Blogen2026-08-12T17:40:58+00:00As Expected, CPI Inflation Falls Slightly in JulyMacroeconomics, Monetary Policy, Federal Reserve, inflation, Consumer Price Index, federal funds rate, Gasoline prices, Federal Open Market Committee (FOMC), Bureau of Labor Statistics (BLS), Federal funds rate target, Federal funds rate probabilities, 12-month inflation v. 1-month inflation, Core CPI inflation, Kevin Warsh, Headline CPI inflation, Energy prices, Federal funds futures market, Grocery prices, Restaurant prices