How the cool June CPI reading helps Kevin Warsh: Had core inflation come in hot, investors might have anticipated a July rate increase as more likely than not, and Warsh would have faced a choice he has spent his brief tenure trying to avoid over hours of testimony this week: signal to markets that they had it right or wrong, or let the pricing stand and risk being carried into a decision he hadn't made. https://www.wsj.com/livecoverage/stock-market-today-bank-earnings-07-14-2026/card/how-the-cool-cpi-report-helps-kevin-warsh-2mQAVVFqBmjeOXq2Qu0e(Nick Timiraos)