U.S. Inflation Falls, Consumer Sentiment Drops, Influencing Fed Policy

In June, U.S. inflation dropped to 2.5% annually from May’s 2.6%, according to the Commerce Department’s PCE Index. Concurrently, a modest monthly rise of 0.1% followed a stable previous month. Moreover, the PCE Index, which the Federal Reserve (Fed) closely monitors, mirrors trends seen in the Consumer Price Index (CPI). Earlier in July, the CPI […]