ACTV - June CPI Report: Easing Inflation Paves A Clear Path To A September Cut
2024-07-11 22:55:00 ET
Summary
- The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut.
- June’s number shows a broad weakening in price pressures and is a convincing and consistent sign that inflation has resumed its downward path.
- Headline CPI fell from 0% month-on-month in May to -0.1% in June.
By Seema Shah, Chief Global Strategist
The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut. Not only is this the second consecutive weaker-than-expected reading, but June marks the first month since May 2020 with a negative monthly headline inflation reading, and the smallest monthly core inflation increase since August 2021....
June CPI Report: Easing Inflation Paves A Clear Path To A September Cut