U.S. consumer inflation slowed slightly to 3.4% on an annual basis in July despite unstable oil prices due to the Iran war, official data showed on...

US consumer prices likely rose moderately in July, driven by easing gasoline prices and economic impacts from the Middle East conflict.

US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above…