Best inflation report since the pandemic. If we keep getting inflation reports like May and June, the Fed is going to start cutting rates.
Headline CPI declined by -0.1% in June month to month. Core CPI only grew by 0.1% month to month. Basically inflation slowed or declined across the board.
Most importantly we had the slowest inflation growth in shelter in awhile at only 0.2%.
Gasoline prices fell -3.8% as well.
Just absolutely stellar CPI report. I think Biden is doing a little jig.
@tipu curate
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