![]() ![]() On Wall Street, investors cheered the encouraging news, sending stock and bond prices higher. “They’re probably on hold for the rest of the year.” “It takes the second hike off the table, if that trend continues,” said Laura Rosner-Warburton, senior economist at MacroPolicy Perspectives. But with price increases slowing - or even falling outright - across a range of goods and services, many economists say they think the central bank could hold off on what had been expected to be another rate hike in September, should inflation continue to cool. ![]() From May to June, overall prices rose 0.2%, up from just 0.1% in the previous month but still comparatively mild.Įven with Wednesday’s better-than-expected inflation data, the Fed is considered all but sure to raise its benchmark rate when it meets in two weeks. The inflation figure the government reported Wednesday was down sharply from a 4% annual rate in May, though still above the Federal Reserve’s 2% target. WASHINGTON (AP) - Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 - 3% in June compared with a year earlier - thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
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