US CPI fell 0.4% in June, with gasoline prices posting the largest decline since 2022, easing inflation pressure. The report takes some pressure off the Federal Reserve to raise rates further. While the piece is framed as supportive for rate expectations, it is based on a single monthly print (directionally dovish rather than a full disinflation trend).
US CPI fell 0.4% in June, with gasoline prices posting the largest decline since 2022, easing inflation pressure. The report takes some pressure off the Federal Reserve to raise rates further. While the piece is framed as supportive for rate expectations, it is based on a single monthly print (directionally dovish rather than a full disinflation trend).
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mildly positive
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