US inflation eased slightly in July as CPI fell to 3.4% from 3.5% in June. Gas prices remain a key risk. Payrolls dropped by 23000, and the Fed kept rates at 3.

BWB News TV • 2026-08-12 12:41 UTC • By Billy Odell Tucker-Robinson

US inflation eased slightly in July as CPI fell to 3.4% from 3.5% in June. Gas prices remain a key risk. Payrolls dropped by 23000, and the Fed kept rates at 3.5%-3.75% despite three votes for a hike.

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