Inflation Falls for 2 Months Straight — Is a Fed September Rate Hike Still on the Table?

July's back-to-back cooler CPI and PPI readings slashed September rate-hike odds from 55% to 32%, forcing investors to rethink hawkish Fed positioning. Despite Strait of Hormuz headlines spiking crude, monthly average oil prices fell, but gasoline has already climbed from $3.87 to $4.07 since July.