Fed spokesperson: July CPI may not be enough to prevent a September rate cut

 "Fed Whisperer" Nick Timiraos: After the release of the July employment report, the threshold for interest rate cuts has changed. Originally, if today's CPI data was very high, the plan to cut interest rates in September might be disrupted. The CPI data in July is not "non-inflationary", but its intensity may not be enough to prevent an interest rate cut in September.