The latest inflation reading of 3.5% was well below whisper expectations of 3.8-4.2%, the biggest single-month drop in six years, largely due to an oil shock and a temporary ceasefire.
Inflation came in at 3.5% versus a whisper number of 3.8-4.2%, marking the largest single-month drop in six years, attributed mainly to an oil shock and a temporary ceasefire. ✦ AI generated
Analyst · The Compound · 2026-07-20 · original ↗
the most recent read we'd had was what, 3 and 1/2% versus uh a call whisper number of 3.8 and 4.2 the previous month. It it the biggest single month drop in 6 years. And you know, obviously very attributable to um to the oil shock and uh the temp what's turned out to be the temporary uh uh ceasefire.
verbatim transcript · starts at 1:48
1:48and 1/2% versus uh a call whisper number of 3.8 and 4.2 the previous month. It it the biggest single month drop in 6 years. And you know, obviously very attributable to um to the oil shock and uh the temp what's turned out to be the temporary uh uh ceasefire. And then finally the consumer, you know, the consumer especially on the high end continues to earn and continues to spend. So, you
2:17know, as we look to the back half of the year and even beyond that, you know, we kind of see a steady as she goes environment. Um And you know, there's a lot of questions that we I'm sure you'll talk about it ask me about AI and I have some real interesting views on that. But, you know, that's going to be a very big determinant where all this ends up.
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