June CPI rose 2.8% YoY, down from 3.2% in May, while the CPI fell 0.1% month-over-month on a seasonally adjusted basis. The cooling in inflation momentum supports expectations for less hawkish monetary policy and potentially lower rate pressure. This data is likely to move markets, given its direct implications for near-term interest-rate and yield expectations.
June CPI rose 2.8% YoY, down from 3.2% in May, while the CPI fell 0.1% month-over-month on a seasonally adjusted basis. The cooling in inflation momentum supports expectations for less hawkish monetary policy and potentially lower rate pressure. This data is likely to move markets, given its direct implications for near-term interest-rate and yield expectations.
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mildly positive
Sentiment Score
0.10
