Discover why the Fed won't cut rates in September, how tariffs impact inflation, and what a rising S&P 500 and bubble-level Shiller PE mean for investors.

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.

US stock futures wavered amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.