Lower rates would give a boost to investment prices and to the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment.

In July, wholesale inflation rose at the fastest monthly pace since June 2022.

However, now there are signs the long-awaited inflationary wave may finally be landing on our shores, as The Bulwark’s Andrew Egger observes: [An] alarm-bell price report [arrived] yesterday: a 0.9 p...