The Consumer Price Index - a popular measure of US inflation - rose 0.3% last month, slower than July's 0.5% jump. It was well short of forecasts.
Asian equities fell as COVID-19 concerns and revived concerns about regulatory pressure from China weighed on markets.
The price of used vehicles barely budged last month. Even so, they're still at record highs, inventories are tight, and things aren't improving.
Used car prices rose just 0.2% in July, sharply slowing from the double-digit gains of April and June. It's exactly what economists were looking for.
The Consumer Price Index - a popular measure of US inflation - posted a hefty gain of 0.5% last month, well below June's 0.9% rise in prices.
"The Fed is late. It should have started tapering already," El-Erian told CNBC on Monday. "They are going to be very dovish for very long."
"Bitcoin isn't behaving like an inflation hedge anymore and will continue to remain heavy over expectations over higher yields," an analyst said.
US indexes dropped at the open Tuesday after the Consumer Price Index jumped more than economists expected.