Inflation numbers are looking good.

in #economy27 days ago

image.png
Best inflation report since the pandemic. If we keep getting inflation reports like May and June, the Fed is going to start cutting rates.

Headline CPI declined by -0.1% in June month to month. Core CPI only grew by 0.1% month to month. Basically inflation slowed or declined across the board.

Most importantly we had the slowest inflation growth in shelter in awhile at only 0.2%.

Gasoline prices fell -3.8% as well.

Just absolutely stellar CPI report. I think Biden is doing a little jig.