The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) rose 3% year over year in June, declining from 3.3% in May. This is the first time since May 2020 that the monthly rate has shown a decrease.
“With another good CPI print under their belt, the window is open for the Federal Reserve to cut interest rates as early as September,and potentially again in December, assuming the inflation data continues to cooperate.”
-Skyler Weinand, chief investment officer, Regan Capital
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