US: Inflation is primed to fall for the first time in 6 years. Will high prices drop too? | Metals Mine

  • US: Inflation is primed to fall for the first time in 6 years. Will high prices drop too?

    From morningstar.com

    A surge in U.S. inflation to a three-year high has begun to recede, but life isn't going to get more affordable for Americans anytime soon. The cost of living is all but certain to decline in June for the first time since the pandemic six years ago - entirely due to a sharp drop in gasoline prices. The cost of a regular gallon of gas tumbled 15% from mid-May to the end of June. Economists predict the U.S. consumer-price index fell by 0.2% in June. The critical report for Wall Street will be released Tuesday morning. The yearly rate of inflation should follow suit, slowing to 3.8%, from 4.2% in May. The May rate was ... (full story)

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Trader#1F4C
6 hr ago
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hahaha wait for readings
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Polimini
4 hr ago
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don't bet on it, the Trump administration can very well cook the numbers
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