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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 cut inflation last month yet renewal of Iran war could limit progress
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war…
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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
