U.S. Core CPI Falls for First Time in Over Six Years, Easing Rate Hike Fears
The U.S. core consumer price index (CPI) fell by 0.02% in June, marking the first decline in over six years and reducing annual inflation to 2.6%. This has led to a significant drop in expectations for an upcoming Federal Reserve rate hike, with Treasury yields falling sharply as a result.
Topics: Federal Reserve inflation market reaction Treasury yields