Inflation slowed in June! The Labor Department released its monthly consumer price index, a measure of costs of goods and services and a key metric for the Federal Reserve. Two economists, Wendy Edelberg of Brookings and Joe Lavorgna of SMBC Nikko Securities America, discuss what the better-than-expected numbers mean for the Fed’s next interest rate cut. Head of Bank of America Institute Liz Everett Krisberg shares Bank of America’s latest consumer checkpoint, which reveals a softening in credit card spending. Plus, it’s a pivotal week for Democrats, whether they’re supporting President Biden’s bid for a second term, or not. Consistent backer Senator John Fetterman (D-Pennsylvania) discusses division in his party, as well as the Biden 2024 campaign. Plus, Apple reached a deal with EU regulators on its mobile payments network, and North American demand for Pepsi products has slowed down. Sen. John Fetterman - 15:41 Liz Everett Krisberg - 28:25 Wendy Edelberg & Joe Lavorgna - 35:43 In this episode: Sen. John Fetterman, @SenFettermanPA Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie