The U.S. lost 23,000 jobs in July, government data showed.
High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday.
Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.
New data released Wednesday shows inflation continues to climb, underscoring the financial strain many households are facing, including in the Chicago area.
Inflation rose for a third consecutive month amid the Iran war, matching expectations.
A new study shows rising prices are affecting nearly half of Americans.