Inflation Cools to 2-Month Low, but the Future Is Murky

Inflation cooled in June according to the latest data from the Bureau of Economic Analysis (BEA), meeting economists’ expectations for the month. However, the trend may not continue as the Iranian conflict persists. The Personal Consumption Expenditures (PCE) price index slipped 0.1% month-over-month in June, a reversal of the 0.7% jump seen in May. This…

The post Inflation Cools to 2-Month Low, but the Future Is Murky appeared first on RISMedia.

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