U.S. July inflation data came in line with expectations, with CPI rising 3.4% year-over-year and 0.1% month-over-month. Core CPI increased 2.5% YoY and 0.2% MoM, also matching estimates. The data showed inflation remaining broadly consistent with forecasts, while U.S. stock market futures moved higher following the release. Sector: U.S. Economy / Markets Key Highlights 📊 CPI: 3.4% YoY vs. 3.4% estimate 📅 CPI: +0.1% MoM vs. +0.1% estimate 📉 Core CPI: 2.5% YoY vs. 2.5% estimate 📈 Core CPI: +0.2% MoM vs. +0.2% estimate 📈 U.S. stock market futures moved higher after the data Why It Matters Inflation matching expectations reduces the risk of a major upside inflation surprise and may support market sentiment around the Federal Reserve's future policy path.