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Inflation eased in June as gas prices fell — but economists say relief may not last long
Consumer prices
U.S. inflation cooled in June on lower prices for gas and other goods, but much of the progress could be reversed if the Iran war worsens.
Fed chair testifies
Warsh's statement to Congress: Fed has 'no tolerance for persistently elevated inflation'
Breaking news
Inflation fell more than expected in June as gas prices eased in response to U.S.-Iran negotiations
Breaking news
Inflation cooled in June thanks in part to falling energy prices that are on their way back up as the Iran conflict reignites
Breaking News
After three months of acceleration driven by oil market disruptions tied to the Iran war, the U.S. annual inflation rate fell to 3.5% in June, down from 4.2% in May.
Most senators want to see their chamber unite behind Russia sanctions as a way to honor Lindsey Graham’s legacy. Trump has other ideas.
Breaking News
US inflation cooled significantly last month, helped by a steep decline in gas prices driven by the fragile ceasefire in the Middle East
Breaking News
Inflation cooled to a 3.5 percent annual rate in June, when energy prices moderated amid a brief pause in the war with Iran.
Inflation cools a bit
June CPI data comes in lower than expected, driven by gas prices. YoY: 3.5% (3.8% est.) Core YoY: 2.6% (2.8% est.)