June CPI rose 3.5% year over year, down from 4.2% in May, signaling improving inflation momentum. The softer print strengthens the case for the Fed to maintain a less restrictive near-term stance on rates and should support easing expectations for yields.
June CPI rose 3.5% year over year, down from 4.2% in May, signaling improving inflation momentum. The softer print strengthens the case for the Fed to maintain a less restrictive near-term stance on rates and should support easing expectations for yields.
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mildly positive
Sentiment Score
0.25
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