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Inflation cools more than expected in June as gas costs fall and underlying prices ease
Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation.
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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
