July CPI Report Drops August 12 — The Data That Could Reset Fed Rate-Cut Expectations

The BLS releases July Consumer Price Index data on August 12, 2026, at 8:30 a.m. ET. A soft reading would reinforce disinflation and support further Fed rate cuts, easing borrowing costs. A hot print would push yields higher and delay easing. Stock futures opened near-flat August 6, signaling low conviction ahead of the release.