CPI consumer inflation in June increased by 3% over the same period, slowing down from 3.3% in May.
Core CPI (Excluding energy and food prices) increased by 3.3% over the same period, decelerating compared to the 3.4% increase in the previous month.
Inflation has decreased for 3 consecutive months.
Cpi is lower than expected. Bad news for the USD. Good for the market.
The continued decline in CPI, combined with the high possibility that interest rates will be cut in the near future, creates great expectations for a strong recovery of the market.
Approaching the Fed's 2% KPI milestone. Indicators such as CPI, PPI, PCE, and upcoming GDP, if they show good results, will strengthen the hope of reducing interest rates more than once this year.