Breaking: US CPI Rises to 2.7% in June, Matches Forecast

Breaking: US CPI Rises to 2.7% in June, Matches Forecast

The US Consumer Price Index (CPI), the key measure of inflation, rose 2.7% year-over-year in June, up from May’s 2.4%, the Bureau of Labor Statistics (BLS) reported on Tuesday. The reading aligned with market expectations, confirming that inflation remains on a gradual upward trajectory.

Core CPI Also Climbs

The Core CPI, which excludes food and energy prices, increased 2.9% annually, slightly higher than May's 2.8% gain. On a monthly basis, headline CPI rose 0.3%, while core CPI increased 0.2%.

What It Means for Markets and the Fed

The data underscores persistent price pressures that could impact the Federal Reserve’s monetary policy decisions. With inflation gradually accelerating, the Fed may opt to delay interest rate cuts, especially in the context of ongoing geopolitical tensions and tariff threats from the White House.

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