Article #77997

South China Morning Post - World News

South China Morning Post - World News

Title US inflation cools on brief ceasefire but Fed keeps rate hike option Source South China Morning Post - World News
Description US consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest-rate increase from the Federal Reserve this year off the table against the backdrop of renewed conflict in the Middle East. The Consumer Price Index (CPI) from the Labour Department on Tuesday also showed underlying inflation subsiding last month amid declines in the costs of motor vehicle insurance, communication, apparel,...
Link https://www.scmp.com/news/world/united-states-canada/article/3360570/us-inflation-cools-brief-ceasefire-fed-keeps-rate-hike-option?utm_source=rss_feed Published At 2026-07-14 11:27:41 (11 hours ago)
Created At 2026-07-14 11:28:22 Updated At 2026-07-14 11:28:22