US CPI down 0.4% in June likely curbs Fed’s rate hike trend
U.S. inflation in June was much weaker than expected, likely putting on hold sharply rising expectations for impending Federal Reserve rate hikes. The consumer price index (CPI) fell 0.4% in June, compared with a 0.1% drop forecast by economists and a sharp rise of 0.5% in May. On an annual basis, the CPI rose 3.5% […]
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