Fed Rate Path Uncertainty Deepens After CPI, Retail Sales Miss, and Yield Surge

July CPI in line, but retail sales miss (-0.6%) and 30-year yield spike to 5.31% create conflicting signals. Goldman Sachs says September hike 'very unlikely', but long-end yields suggest structural inflation/deficit concerns. Market odds for September cut have risen, but the yield curve steepening pressures growth stocks. Fed minutes this week will be key.