Consumer price index, which measures inflation lowest level since March 2021
This is good news as it gives FED another reason to delay next rate hike or pause indefinitely.
Quote:
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
The consumer price index, which measures inflation, increased 3% from a year ago, which is the lowest level since March 2021. On a monthly basis, the index, which measures a broad swath of prices for goods and services, rose 0.2%.
The consumer price index, which measures inflation, increased 3% from a year ago, which is the lowest level since March 2021. On a monthly basis, the index, which measures a broad swath of prices for goods and services, rose 0.2%.
Fed's Reaction
The numbers could give the Federal Reserve some breathing room as it looks to bring down inflation that was running around a 9% annual rate at this time in 2022, the highest since November 1981. Fed officials expect the inflation rate to continue falling, particularly as costs ease for shelter, which makes up about one-third of the weighting in the CPI.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP : This may disappoint those who are short selling or selling call option. They are hoping the stock market to experience 'big fall' or 'crash'.
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