 Core CPI, which excludes food and energy, rose 0.1%, lower than the expected level of 0.2%. Tomorrow, we'll learn the producer price index, or PPI, which is forecast to have risen 0.2% in June. Today's inflation report came on the heels of Federal Reserve Chair Jerome Powell providing two days of testimony on Capitol Hill. What did we learn from Powell's remarks and what do the latest inflation numbers mean when it comes to Federal Reserve policy in general and interest rates in particular?