Wall Street Breakfast Inflation expected to tick up
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Aug 10, 2025 Expectations rise as retail inflation is set to tick up with July's CPI data. Key earnings reports from AMC and Cisco are on the horizon, hinting at what’s next for the stock market. In tech news, NVIDIA has scored licenses to export technology to China, stirring interest in global market dynamics. The conversation also touches on the impacts of this inflation data on consumer spending and a shift in FDA staffing.
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CPI Expected To Tick Up
- Economists expect July headline CPI +0.3% month and 2.8% annually.
- Core CPI is seen +0.2% monthly and about a 3.0% annual pace, signaling a modest pickup.
BLS Leadership Credibility At Stake
- Trump fired BLS Commissioner Erica McIntyre, raising fears about political pressure on CPI.
- William Beach said the next commissioner must have unquestioned honesty and probably need a unanimous Senate vote.
Retail Sales And Consumer Fatigue
- July retail sales are forecast to rise 0.5% overall and 0.3% ex-autos.
- Wells Fargo says moderating jobs and tariff worries have made consumers choosier, limiting price power.