US June inflation cooled to 3.5% as energy prices fell
What's next: Traders cut the odds of a September Fed rate hike after core CPI came in flat for the month at 2.6% year over year.
Subject
#Bureau Of Labor Statistics
US June inflation slowed to 3.5% as gasoline prices fell
What's next: Rising oil prices after renewed Middle East fighting could reverse the relief and keep Fed rate cuts on hold.
PBS NewsHour, ABC News +1
US wholesale prices jumped 1.1% in May as energy costs surged
Why it matters: The report strengthens expectations that the Fed will hold rates next week, with traders no longer pricing any 2026 cuts.
US inflation hit 4.2% in May, highest annual rate since 2023
Why it matters: Hotter prices before next week's Fed meeting could delay rate cuts and raise the risk of a hike later this year.
Bloomberg, The New York Times
Trump draws backlash after praising inflation as US CPI hits 4.2%
Why it matters: Republicans face fresh election pressure as energy costs tied to the Iran war push prices to a three-year high.
CNBC, The Straits Times +1
US added 172,000 jobs in May as unemployment held at 4.3%
Why it matters: stronger hiring and upward revisions for March and April reduce pressure on the Fed to cut rates soon.
Bloomberg, NPR +2
US May payrolls seen slowing to 80,000 as layoffs pick up
Why it matters: A weak reading could sharpen bets on Fed rate cuts as economists see unemployment holding at 4.3%.
Bloomberg, CNBC
US job openings jumped to 7.6 million in April as hiring fell
What's next: Friday's May jobs report is expected to show 100,000 new jobs, with unemployment holding at 4.3%.
PBS NewsHour, CNBC +1