Because inflation is moving down, it takes a bit of pressure off the Fed to raise interest rates quickly.

Volatile job numbers, stubborn inflation and changes to the Fed’s communications style are all stirring up uncertainty in markets and raising the stakes for upcoming economic data…

The consumer price index is expected to show only a modest increase for July.

US inflation eased to 3.4% in July, but broader price pressures kept the Federal Reserve's September rate decision uncertain amid a possible hike.