In June, U.S. import prices remained steady, while export prices fell by 0.5%. Homebuilder confidence declined in July due to high borrowing costs, with the NAHB/Wells Fargo Housing Market Index dropping to 42. Retail sales exceeded expectations in June, remaining flat compared to May, despite forecasts of a decline. Traders are certain the Federal Reserve will cut interest rates in September, expecting relief from high borrowing costs (Investopedia).
For more detailed information, you can read the full article here.