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US June Inflation Rises as Expected, Causing Fed to Maintain Cautious Stance on Rate Cuts
Summary: According to reports, US June CPI rose as expected, potentially signaling the beginning of the long-awaited inflation increase due to tariffs, prompting the Fed to maintain a cautious stance on rate cuts. Data from the US Bureau of Labor Statistics shows that CPI rose 0.3% month-on-month in June, following a slight increase of 0.1% in ...
According to reports, US June CPI rose as expected, potentially signaling the beginning of the long-awaited inflation increase due to tariffs, prompting the Fed to maintain a cautious stance on rate cuts. Data from the US Bureau of Labor Statistics shows that CPI rose 0.3% month-on-month in June, following a slight increase of 0.1% in May. This is the largest increase since January. Year-on-year, CPI rose 2.7% after a 2.4% increase in May. Core CPI rose 0.2%, with a 2.9% year-on-year increase, following three consecutive months of 2.8% increases. The significant increase in commodity prices may be partially offset by moderate increases in service costs, easing concerns about rising inflation pressures. Weak demand has limited price increases in service-related categories such as airfare, hotels, and motel room prices.
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Link: US June Inflation Rises as Expected, Causing Fed to Maintain Cautious Stance on Rate Cuts [Copy]
