CPI Falls to 3.0% as Cheap Gas Offsets Rising Shelter Cost

Published: 01 January 1970
on channel: Nobody Special Finance

8,171

The consumer price index for the month of June came in slightly lower than expected at 3.0% year over year as cheaper gasoline offset a smaller increase in the cost of shelter. Asset prices are rallying on this news as a Fed rate cut in September seems likely.

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#inflation #CPI #recession

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