US inflation cools as CPI falls to 3.5%. Fed rate cut by July priced at 0.1% YES, pause by July at 0.7% YES, cut by July at 0.1% YES.

June CPI release tomorrow amid persistent inflation pressures. Annual inflation at 3.8% in June priced at 51.2% YES.

US inflation is set to decline for the first time in six years. No Fed rate cuts in 2026 at 80.6% YES.

CPI falls from 8.2% to 2.8%, indicating easing inflation. Annual inflation at 3.6% or less in June at 99.9% YES.