ACTV - Easing Inflation: A Clear Path To A September Cut

2024-07-12 23:58:00 ET

Summary

• The June CPI reading significantly increases the likelihood of a Federal Reserve rate cut in September.
• This marks the second consecutive month of weaker-than-expected inflation data.
• Headline CPI fell to -0.1% month-on-month, the first negative print since May 2020, while core inflation posted its smallest increase since August 2021 at 0.1%.

The June CPI reading significantly increases the likelihood of a Federal Reserve rate cut in September. This marks the second consecutive month of weaker-than-expected inflation data, with June showing the first negative monthly headline inflation print since May 2020 and the smallest core inflation increase since August 2021. ...

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