U.S. Inflation Slips From 40-Year Peak But Remains High At 8.5%

The video discusses the July inflation report, showing a decrease to 8.5% from June's 9.1%. Monthly inflation remained unchanged at 1.3%. Gasoline and energy indexes fell, while the food index rose. A strong jobs report suggests potential future interest rate hikes, affecting consumer loans. The Fed will update interest rates in September.

What was the annual inflation rate in July compared to June?

• 9.1% in July, down from 8.5% in June

• 8.5% in July, down from 9.1% in June

• 8.5% in July, up from 7.5% in June

• 7.5% in July, up from 8.5% in June

Which index showed a continued rise despite other indices falling?

• Energy index

• Food index

• Gasoline index

• Housing index

What does the strong jobs report suggest about future interest rates?

• Interest rates will definitely decrease

• Interest rates may remain unchanged

• Interest rates are likely to decrease soon

• Further interest rate hikes could occur

What is the potential impact of interest rate hikes on consumers looking to make large purchases?

• Loan prices will remain elevated

• Loans will be unavailable

• Loans will become cheaper

• Interest rates will not affect loans

When is the next Fed meeting to discuss interest rates?

• August

• September

• October

• November