June Inflation Slows to 3.5%, Below Expectations, but Fed Chair Remains Cautious
The U.S. inflation rate dropped to 3.5% in June from 4.2% the previous month, driven largely by falling energy prices. The report exceeded expectations and led to a rise in stock indices like the S&P 500 and Nasdaq Composite. However, Fed Chair Kevin Warsh cautioned against over-optimism.
Topics: Federal Reserve inflation S&P 500 stock market reaction