Recent inflation data shows the US core CPI rose by 0.2% in June, aligning with Federal Reserve targets, but July's figures will be pivotal for future rate cuts.
According to PANews, the US core Consumer Price Index (CPI) for June increased by 0.2%, meeting the Federal Reserve's target. This is favorable for policymakers but may not suffice to initiate a rate cut in the upcoming meeting. The inflation data for July will be critical in determining if the Fed maintains its current interest rate policy.