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Why cooling US inflation eases pressure on the Fed despite oil prices jumping after Iran strikes
US inflation cooled in June despite rising oil prices after Iran strikes, easing pressure on the Federal Reserve to raise interest rates.
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abcnews.com
Falling gas prices likely cut inflation last month
Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again
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npr.org
Inflation slowed sharply -- but it may not last
Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once…
