The 🇺🇸 CPI for July was less than expected.

It's the first time when the U.S. CPI is less than 3.0% since 2021 March. I have not known it's difficult to maintain the CPI around 2%. Anyways, it's good for the financial markets. It won't be burderning the next interest rate decision.

It seems the first interest rate cut is coming. The next decision is about 1 month left. I hope that the U.S. labor market is not getting much weakened for a while.