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 new insight or understanding did you gain from this video?