Guy Lebas, chief fixed income strategist at Janney Montgomery scott, said July's CPI was broadly in line with expectations and did not pass much of the tariff impact through to consumer prices, which is certainly enough to lock in the possibility of a September rate cut. There is still some way to go before next month's meeting, but at least as far as inflation data is concerned, the current situation is not worrying. As an independent and impartial economist, you can interpret these data in two...