ACTV - Federal Reserve Watch: Inflation Year-Over-Year At 3.0 Percent
2024-07-13 00:54:43 ET
Summary
- U.S. inflation fell to 3 percent, year-over-year, in June, exceeding expectations.
- Investors are betting on interest rate cuts this year, one, or, possibly two.
- The economy remains relatively strong, unemployment is OK, although it has risen in the past three months, and now lower inflation.
- This is a good picture for the Federal Reserve going into the fall presidential election, allowing Federal Reserve officials the window to be patient and prudent in any policy changes for the near future.
Well, the public, the press, and the investment community walked away from the latest inflation statistics with a good feeling....
Federal Reserve Watch: Inflation, Year-Over-Year, At 3.0 Percent