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<ul class="news-points">
 <li>US inflation dropped to 3% in June, the lowest level in over two years, boosting market optimism.</li>
 <li>Stock futures surged as inflation cooled more than expected, with the S&amp;P 500 and Nasdaq hitting record highs.</li>
 <li>The Federal Reserve’s rate hikes appear to be curbing inflation, boosting market optimism.</li>
</ul>
U.S. inflation cooled to a two-year low of 3% in June, defying expectations and potentially easing pressure on the Federal Reserve to continue its aggressive interest rate hikes.
The latest <a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank" rel="noopener noreferrer nofollow">Consumer Price Index (CPI) report</a>, released today, revealed a significant drop from the projected 3.1% and marks a pivotal moment in the ongoing battle against rising prices.
The decline in inflation follows a series of aggressive interest rate hikes by the Federal Reserve, designed to curb the rapid price increases that have strained household budgets over the past two years.
The new inflation rate of 3%, the lowest since early 2021, suggests that these measures are taking effect. The CPI data revealed that core prices, excluding volatile food and energy costs, rose by 3.3%, slightly below the anticipated 3.4%.
Federal Reserve Chair Jerome Powell’s recent testimony bef…
The post <a href="https://coinedition.com/june-cpi-report-u-s-inflation-drops-to-3-signaling-potential-end-to-fed-rate-hikes/" rel="noopener noreferrer nofollow">June CPI Report: U.S. Inflation Drops to 3%, Signaling Potential End to Fed Rate Hikes</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

June CPI Report: U.S. Inflation Drops to 3%, Signaling Potential End to Fed Rate Hikes

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