Inflation rose 3.2% in July as data shows that prices ticked higher for first time in a year.

 
As consumers continue to grapple with the rising cost of everyday goods, inflation rose in July, snapping a year-long streak of steady declines in prices.

According to the Labor Department—the consumer price index—a broad measure of the price for everyday goods including gasoline, groceries, and rents, rose 0.2% in July from the previous month.

So, are more rate hikes in the near future?

Jimmy Lee, the CEO of Wealth Consulting Group joins Veronica Dudo to discuss. #interestrates #FederalReserve #mortgagerates #business #economy