According to Jin10, Glenmede strategists said investors were expecting another relatively mild inflation report for U.S. July CPI, with overall CPI forecast to rise 3.4% year over year while core price pressures remained at a manageable level. They added that the Federal Reserve has ample time before its next meeting to assess two inflation reports, giving it more time to judge whether energy pressures remain contained or are beginning to widen, a distinction that could shape the future policy path.