The latest Consumer Price Index (CPI) figures were released on Wednesday, August 14 and portrayed an ambivalent economy where inflation is slowly cooling, just as equity markets post historic gains.

Recession fears have faded this week as retail sales figures trebled expectations, accelerating 1% month over month. Weekly jobless claims declined 3.4% to 227,000 this week.

Annual inflation declined to its lowest level since March of 2021, sustaining hopes for a September rate cut. Initial cuts may only be a gesture, but they could be a potent signal to prompt more expansive buying by end users of organic feeds. 

High food prices persist after increasing 5.8% last year, according to the USDA. The “food at home” category in the CPI by increased 0.2% month on month…