US consumer inflation eases to 3.0% in June
==========
US consumer inflation in June eased to 3.0%, according to government data. The consumer price index (CPI) rose 3.0% from a year ago, with a fall in gas prices offsetting housing costs. The core CPI index, which excludes volatile food and energy prices, saw the smallest annual rise since April 2021 at 3.3%. The Federal Reserve has been working to rein in inflation, which reached 9.1% in mid-2022, and Federal Reserve Chair Jerome Powell stated that inflation has shown 'modest' progress. The latest CPI report suggests that inflation is coming down to the Fed's two-percent target, potentially allowing for interest rate cuts.
#UsConsumerInflation #Cpi #FederalReserve #InterestRates
https://www.voanews.com/a/us-consumer-inflation-eases-to-3-0-in-june/7693859.html
Voice of America - VOA News /
npub1fn…9fzfc
2024-07-11 14:07:40
Author Public Key
npub1fn0gfyngcp8c9nap0y0fppuxxrvq76pyqckvk3vn3vagvp2lteks99fzfcPublished at
2024-07-11 14:07:40Event JSON
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"content": "US consumer inflation eases to 3.0% in June\n==========\n\nUS consumer inflation in June eased to 3.0%, according to government data. The consumer price index (CPI) rose 3.0% from a year ago, with a fall in gas prices offsetting housing costs. The core CPI index, which excludes volatile food and energy prices, saw the smallest annual rise since April 2021 at 3.3%. The Federal Reserve has been working to rein in inflation, which reached 9.1% in mid-2022, and Federal Reserve Chair Jerome Powell stated that inflation has shown 'modest' progress. The latest CPI report suggests that inflation is coming down to the Fed's two-percent target, potentially allowing for interest rate cuts.\n\n#UsConsumerInflation #Cpi #FederalReserve #InterestRates\n\nhttps://www.voanews.com/a/us-consumer-inflation-eases-to-3-0-in-june/7693859.html",
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