Inflation Slowed in June but Fed Chair Kevin Warsh Remains Cautious on Rate Hikes
The U.S. inflation rate fell from 4.2% to 3.5% in June, offering some relief for markets concerned about high interest rates and their impact on stocks. However, new Federal Reserve chair Kevin Warsh expressed caution, stating that the decline is just 'one data point' and more information is needed before considering a pause or reversal of rate hikes.
