The July 2026 US inflation data is due on Wednesday, August 12, 2026. Investors and institutions will look for clues on the Federal Reserve’s potential stance after the CPI (Consumer Price Index) figures are released on Wednesday. The Producer Price Index (PPI) numbers will be released a day later, on Thursday. Inflation went down in June 2026, and many are hoping for a similar trend again. Let’s discuss what you can expect.
What To Expect From July 2026 US Inflation Figures
The US dollar fell to a two-month low on Monday. Gold, on the other hand, saw a rise. The US economy also shed jobs in July, compared to gains in May and June of this year. Falling inflation figures in June and the dip in jobs in July may lead to a rate dip from the Federal Reserve if CPI figures come in lower than expected this week.
According to Tim Waterer, chief market analyst at KCM Trade, “The weak U.S. jobs data reduced fears of an imminent rate hike and gave the metal a spark. This looks like a natural stabilization – I expect gold to remain supported above the $4,300 level in the near term.“
Waterer believes gold could rise higher in inflation drips further. The analyst stated, “Soft readings would strengthen the case for a rate hold and clear a path for further upside in gold… Middle East uncertainty remains a lingering risk factor, as any renewed escalation that drives oil prices up could quickly pressure the metal.“
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There are, however, some risks. The US-Iran war caused a spike in oil prices last month. Oil prices directly impact inflation numbers. President Trump also went on another tariff spree which could also negatively impact inflation figures. If inflation comes in higher than anticipated, we could see an interest rate hike sometime this year.