June CPI Shows Slower Inflation Than Expected
The U.S. Consumer Price Index (CPI) rose 3.5% year-over-year in June, below the expected 3.8%, marking a slowdown from May's 4.2%. Chicago Federal Reserve Bank President Austan Goolsbee noted that while the data was positive, one month of lower inflation is not enough to signal sustained improvement.
Topics: CPI Federal Reserve inflation