US inflation slowed much more than expected in June, offering the first meaningful challenge to the recent surge in Federal Reserve tightening expectations. Headline CPI fell -0.4% mom, slowing from 0.5% mom in May, while the annual rate eased from 4.2% yoy to 3.5% yoy. Core CPI was unchanged on the month, bringing the annual […]
The post US CPI Misses Forecasts at 3.5%, Core Inflation at 2.6% appeared first on ActionForex.
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