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U.S. Inflation Slows to 2.7% in July as Tariff Concerns Loom, Fueling Fed Rate-Cut Expectations

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WASHINGTON, D.C. — Consumer prices rose 2.7% year-over-year in July, coming in slightly below economists’ expectations and signaling modest inflation pressures despite ongoing tariff concerns. The Consumer Price Index (CPI), released Tuesday by the Bureau of Labor Statistics (BLS), also showed a 0.2% monthly increase, matching forecasts.

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