June's Inflation Report Shows Largest Monthly Decline Since April 2020
The June inflation report showed a significant monthly decline in consumer price index (CPI) for the first time since early 2020, easing concerns about persistent inflation and potential Federal Reserve rate hikes. The year-over-year CPI came in at 3.5%, below expectations of 3.8%. Early market reactions included gains in equities and lower Treasury yields.
Topics: Federal Reserve inflation interest rates stock market Treasury yields