CPI Inflation Seen Spiking to 3.6% but Core Rate Slowing to 4.3%

U.S. CPI Falls to 3% in June, Core Rate Drops to 4.8%; Both Better Than Expected

Should it come to pass, tomorrow’s decline in core CPI will be welcome to policymakers, but even a 4.3% inflation rate is more than double the Fed’s 2% target. And central bankers will have a hard time claiming victory over inflation when consumers are watching prices at the pump advance with each fill-up.

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