The upcoming release of the July consumer price index (CPI) is poised to be a major market mover this week. Despite its perceived limitations as an inflation measure, the CPI will likely drive discussion on interest rates, currency fluctuations, and equity markets. This event could shed light on whether growth is indeed slowing and if inflation continues to rise, which would have significant implications for stock prices and the overall market outlook.
Source: https://www.barrons.com/articles/more-inflation-less-growth-and-bubbly-stocks-trouble-ahead-a17b5f8e