2024-07-11 11:00:22 ET
Summary
- June CPI data showed a surprise decrease in both All Items and Core CPI, impacting market expectations and opening the door to multiple Fed rate cuts later this year.
- The disinflation in the "super-core" category is particularly notable.
- Inflation appears to be headed towards the Fed's 2% target.
The Consumer Price Index (CPI) Report was published on July 11, 2024, at 8:30 AM. The report contains information about changes in the prices (inflation/deflation) of a wide array of goods and services purchased by consumers in the US during the month of June 2024.
In this article, we will walk readers through a detailed analysis of the most important CPI data and discuss the likely implications of the report for bond and equity markets....
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For further details see:
CPI June 2024: Another Very Disinflationary Month Opens The Door To Multiple Fed Rate Cuts