Join the Wall Street Journal online October 12th for WSJ Pro Sustainable Business Forum

and take away practical advice on how to build a sustainability strategy that's right for your business.

From now until September 21st, you can save 25% on your ticket by registering at WSJ.com

slash Sustainable Business, no code required. That's WSJ.com slash Sustainable Business.

Here's your money briefing for Wednesday, July 19th. I'm JR Whalen for the Wall Street Journal.

Pay raises in Americans Weekly checks are finally winning the numbers game,

as inflation has declined to less than half of what it was a year ago,

but that doesn't necessarily mean it's time to celebrate.

Although inflation has cooled, we are still seeing higher prices for a lot of items,

and when you think about where we've come from, although workers' wages are now outpacing inflation,

workers have really had to digest these higher prices over the last two years.

We'll talk to Wall Street Journal economics reporter,

Amara Amokwe, after the break.

Don't you wish your life came with a warning app?

That dog does not want to be petted.

Well, life doesn't always give you time to change the outcome,

but pre-diabetes does. Take the one-minute test today at doihavepre-diabetes.org.

Americans hourly pay rose 4% in June compared to a year ago,

and that puts wage growth ahead of inflation for the first time in two years.

WSJ Economics reporter, Amara Amokwe joins us.

So, Amara, this is definitely good news for people's wallets.

What's been their experience since inflation took off a few years ago?

...