Core Insights - The core consumer price index in the U.S. rose by 0.322% in July, close to the expected 0.340% [1] - The Federal Reserve is anticipated to lower interest rates by 25 basis points in September, as inflation risks remain tilted upwards [1] - The likelihood of a 50 basis point rate cut in September is considered low, despite a slowing labor market and a generally accommodative financial environment [1]