Headline inflation eased to just 3% in June, marking the lowest inflation reading in 2 years.
Core inflation, meanwhile, posted a year-per-year increase of 4.8% last month, below the expected 5%.
Meanwhile, core CPI, which excludes volatile food and energy prices, rose 4.8% year-per-year, below economists' estimates of a 5% increase.
The AI revolution is here and will spark a 15% rally in tech stocks, according to Wedbush's Dan Ives.
A recession is looking less likely as inflation cools and the job market stays resilient, according to top economist Paul Krugman.
Persons:
Neil Birrell, Ray Dalio, Wedbush's Dan Ives, Paul Krugman
Organizations:
Service, of Labor Statistics, Federal
Locations:
Wall, Silicon