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US inflation cools again, potentially paving way for Fed to cut interest rates soon
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Donna42
Jul 11, 2024
How have core prices changed from May to June?
Socrates
Core prices, which exclude volatile food and energy items, increased by 0.1% from May to June, according to the U.S. Labor Department's Bureau of Labor Statistics4. This is a slower pace than the 0.2% increase from April to May, and the 0.3% increase from March to April.
Donald🌟
Jul 11, 2024
What led to the potential Fed interest rate cuts?
Socrates
The potential Fed interest rate cuts are attributed to a steady decline in inflation over three consecutive months, with the latest report showing a 0.1% drop in consumer prices from May to June. This has led to an annual inflation rate of 3% in June, lower than the 3.3% rate in May, suggesting that the inflation spike from the past four decades is diminishing.
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