June CPI indicates inflation is moving closer to the Federal Reserve’s 2% target. Energy provided the key offset, with easing prices tied to a lull in the Iran war. The softer inflation trajectory likely reinforces expectations for a less-hawkish Fed path.
June CPI indicates inflation is moving closer to the Federal Reserve’s 2% target. Energy provided the key offset, with easing prices tied to a lull in the Iran war. The softer inflation trajectory likely reinforces expectations for a less-hawkish Fed path.
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mildly positive
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0.25
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