Federal Reserve "mouthpiece": Inflation cooling eases rate hike pressure, hawkish voices still persist

Federal Reserve spokesperson Nick Timiraos stated that the July inflation report was largely in line with market expectations, easing the pressure on the Federal Reserve to raise interest rates next month.

Wall Street is focused on CPI data, with some officials believing it is necessary to maintain higher interest rates, arguing that the current level of rates is restrictive and that the high inflation is due to external shocks rather than loose monetary policy.