U.S. consumer prices rose at a slower pace in July, and the annual increase in inflation cooled to below 3 percent for the first time in nearly 3.5 years. Some analysts believe this is opening the door wider for the Federal Reserve to cut interest rates next month.
NTD speaks to Joseph Trevisani, a senior analyst at FXStreet and a veteran in the financial industry, to break down what today’s inflation figures mean.