CPI Eased to 3.0% in June, Slightly Below Expectations
The U.S. Bureau of Labor Statistics (BLS) recently released the Consumer Price Index report for June, showing the index last month up 3.0% on the year. This was the smallest annual increase since March 2021 and was down sharply from the June 2022 peak of 9.1%.
The latest data was slightly below expectations, which looked for inflation to decline from 4% in May to 3.1% in June. Inflation has eased for 12 straight months but remains above the Fed's target rate of 2%, leading some traders to anticipate...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.