Your guide to what Trump’s second term means for Washington, business and the world US stocks hit another record high on Tuesday, as a steady inflation figure prompted traders to increase bets that the Federal Reserve would cut interest rates next month.

US inflation held steady in July despite import tariffs, bolstering bets that the Federal Reserve may cut interest rates next month. After the partial dollarisation of the economy in Cuba, the country’s peso is trading at an all-time low of 400 to 1 dollar on the informal market.

New inflation figures released Tuesday added to signs that President Donald Trump’s tariffs are driving up the cost of everyday goods, even as lower energy prices helped temper overall increases. The Labor Department’s consumer price index for July showed that the annual pace of inflation remained at 2.