USJuneCPIEasesTo3.8% (CPI story)
June CPI, released today (July 14): headline inflation cooled to 3.5% annually, beating the ~3.8-3.9% consensus. Biggest one-month CPI drop since April 2020, driven by falling gas/energy prices. Core CPI eased to 2.6%. CME FedWatch shows an 86% probability the Fed holds rates steady next meeting.
Sources: BLS, CNBC, CBS News
June CPI, released today (July 14): headline inflation cooled to 3.5% annually, beating the ~3.8-3.9% consensus. Biggest one-month CPI drop since April 2020, driven by falling gas/energy prices. Core CPI eased to 2.6%. CME FedWatch shows an 86% probability the Fed holds rates steady next meeting.
Sources: BLS, CNBC, CBS News