Inflation Stays Tame, Unemployment Falls to 4.1 Percent: Today's Data Recap
July inflation data came in softer than expected, with CPI rising just 0.07% month-over-month. The print, from FRED series CPIAUCSL, puts annualized inflation well below the Federal Reserve's 2% target. Money supply expanded 0.44% in July, per FRED M2SL data, suggesting modest liquidity conditions rather than overheating. This combination of tame price pressures and measured money growth aligns with the central bank's current policy stance.
July CPI: +0.07% MoM (FRED CPIAUCSL) Unemployment: 4.1% vs 4.2% prior (FRED UNRATE) M2 money supply: +0.44% MoM (FRED M2SL) Market reaction: SPY +0.66%, QQQ +1.37% The labor market showed unexpected strength. Unemployment fell to 4.1% in July from 4.2% in…
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