Article
Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June
Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June
With oil prices having tumbled (before this latest resurgence) but semiconductor prices soaring still, expectations were for a small 0.1% MoM decline in CPI but in fact it printed dramatically cooler, dropping 0.4% MoM - the biggest monthly decline since COVID (April 2020), dragging the YoY CPI change down to +3.5% YoY...
Source: Bloomberg
Both Goods and Services costs saw YoY growth decline...
Energy dominated the decline while Core Services rose very modestly...
CPI breakdown:
Headline CPI down 0.4% MoM in...
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