1056 ET - Consumers are still benefiting from income growth that's outpacing inflation, though an inflection point could be approaching, LPL Financial's Jeffrey Roach says in a note. Personal incomes grew 0.4% in July, twice as fast as the 0.2% growth in prices paid by consumers for goods and services, Roach says. If retailers use tariff rebates to cut prices, core inflation could come down, he says. Services inflation remains elevated, but there are signs of improvement, Roach says. Still, the balance of risks still tilts toward inflation for policymakers, he says. Any easing in geopolitical tensions would be a welcome relief for investors, Roach says.