Now that the labor situation is known (and lousy), attention turns to the July CPI due Wednesday at 8:30am ET, where we don't expect anything close to the same fireworks from last Friday's jobs print.

Monday's odds on prediction market platform Kalshi show tamer inflation and little chance of exceeding economists' consensus for July.

Now that the labor situation is known (and lousy), attention turns to the July CPI due Wednesday at 8:30am ET, where we don't expect anything close to the same fireworks from last…