June CPI Preview: Inflation Likely Moderates as Gas Prices Fade
TL;DR Summary
Economists expect June's CPI to show inflation cooling from May: overall CPI down 0.1% month-over-month and up 3.8% year-over-year, with core CPI up 0.2% and 2.8% year-over-year, as gas prices ease and travel/electronics costs rise; wage growth remains below inflation, and the CPI release coincides with Fed Chair Warsh's Capitol Hill testimony.
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