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Story summary
- The Labor Department reported that U.S. CPI rose 3.4% year-over-year in July, down from 3.5% in June.
- The Federal Reserve (Fed) kept its key rate near 3.6% after a 9-3 vote.
- Earthquaker Devices CEO Julie Robbins said it paid $200,000 in Trump tariffs this year and raised prices twice to offset the cost.
