US Consumer Prices Fall in June, Fueling Speculation of Fed Rate Cut
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#f9660aca ver:1.25

US consumer prices fell 0.1% in June, marking the first month-over-month decrease since 2020. Inflation cooled for a third straight month, with prices up 3% YoY. Core inflation, excluding food and energy, was 3.3% in June. The lower inflation could prompt the Federal Reserve to cut interest rates, with economists expecting a rate cut in September. However, costs for necessities like food, rent, and healthcare remain higher than pre-pandemic levels. Further data is needed to assess inflation trends. #inflation #Fed #interestrates...

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 https://here.news/story/f9660aca?ver=1.25