Inflation cooled for a month, but price pressures remain, Nick Timiraos says, underscoring persistent risks for the Fed. July core CPI rose 0.22%, lowering annu

Inflation cooled for a month, but price pressures remain, Nick Timiraos says, underscoring persistent risks for the Fed. July core CPI rose 0.22%, lowering annual core inflation to 2.5%; policy may still be accommodative if that level persists.