www.allsides.com
Inflation continues to slow in the U.S., opening door to Fed rate cut
Price increases in the U.S. slowed more sharply than expected in June, adding to evidence that high inflation has subsided and potentially clearing the way for the Federal Reserve to lower a key interest rate that influences everything from mortgages to credit card payments.
The Consumer Price Index rose 3% year over year in June — and declined by 0.1% from May. That compares with a 3.3% annual reading last month.
The report will only add to hopes that the Federal...
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