Inflation dipped slightly in July, but remains above Fed's target

This week’s inflation data all but guaranteed the Fed won’t be raising rates at their next meeting.

Inflation dipped slightly in July to 3.4%, down a tenth of a percent from June. That said, inflation is still well above the Fed’s 2% target, and the hardest part of taming inflation often comes at the end.

“Marketplace” host Kai Ryssdal spoke with Courtenay Brown at Axios and Stacey Vanek Smith at Bloomberg about that, the narrowing K-shaped economy, and more for the weekly wrap.

Click the audio player above to hear their conversation.