Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks slip at open after inflation data; Nvidia in focus

US annual inflation remained unchanged at 3.7% in July, above the Federal Reserve’s 2% target for the 65th consecutive month and exceeding economists’ 3.6% forecast. The Personal Consumption Expenditures Price Index rose 0.2% month-on-month after falling 0.1% in June. Sticky inflation could intensify debate among Fed officials over whether to keep rates steady or tighten policy further.

The inflation outlook remains complicated by tariff-related price pressures and the lingering impact of the Iran conflict on energy costs. The Fed kept rates at 3.50%-3.75% in July. Separately, the Bureau of Economic Analysis left second-quarter GDP growth unchanged at an annualized 1.5%, pointing to modest economic expansion.