CPI Surprise: Inflation Drops 0.4% | S3 E153 | 07-14-26
About this episode
This episode discusses the unexpected drop in inflation as reported in the June CPI report and its implications for the Federal Reserve.
This week's June CPI report brought a surprise most analysts did not expect. Headline inflation fell 0.4% on a month over month basis, driven almost entirely by a sharp drop in energy and commodity prices. On a year over year basis, headline inflation is still running at 3.5%, but that's down meaningfully from 4.2% a year ago. The timing matters. The Fed's new chairman is testifying before Congress this week, and his prepared remarks stayed hawkish on inflation even as this report showed real...
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