**Breaking News: US Inflation Eases in June, Sparks Rate Cut Speculation**

In a significant development, US inflation cooled in June, boosting hopes for a potential interest rate cut by the Federal Reserve. According to the latest data from the US Bureau of Labor Statistics, the core Consumer Price Index (CPI)—excluding volatile food and energy prices—rose by just 0.1% from May. This marks the smallest monthly increase since August 2021.

Year-on-year, the core CPI increased by 3.3%, the lowest annual rise in over three years. Economists view the core index as a more reliable indicator of underlying inflation trends. The moderation in inflation is largely due to falling gasoline prices.

The overall CPI declined by 0.1% compared to the previous month and dropped by 3% year-on-year, marking the first annual decrease since the COVID-19 pandemic began. This decrease in overall CPI has strengthened expectations that the Federal Reserve might consider a rate cut soon, as they closely monitor economic indicators.

This development could have significant implications for markets and economic policy in the coming months. Stay tuned for further updates.

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