Inflation Slowed in June, but Fed Chair Kevin Warsh Indicates Rate Hikes Remain Possible
The U.S. inflation rate fell from 4.2% to 3.5% in June, offering some relief for markets concerned about rising prices and geopolitical tensions. However, new Federal Reserve chair Kevin Warsh expressed skepticism that this single data point indicates sustained progress toward controlling inflation.
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Topics: Federal Reserve Inflation Interest Rates Kevin Warsh