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June CPI Throws Cold Water On Fed Rate Hawks
Episode 46
Published 2 months, 2 weeks ago
Description
June’s CPI report showed inflation cooling more than expected, with headline prices falling, core inflation essentially flat, and real wages rising. Broad-based disinflation across gasoline, housing, medical care, vehicles, and insurance weakens the case for additional Federal Reserve rate hikes and suggests policymakers should remain patient rather than tightening policy in response to temporary energy-price shocks.