U.S. inflation eases to 3.0% in June By Investing.com

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U.S. inflation eases to 3.0% in June By Investing.com
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⚠️BREAKING: *U.S. ANNUAL CPI EASED TO 3% IN JUNE TO ITS LOWEST LEVEL IN OVER TWO YEARS 🇺🇸🇺🇸

to wind down its monetary tightening cycle after a widely anticipated interest rate hike at its upcoming policy meeting.increased by 3.0% annually, down from 4.0% in May. Economists had forecast a rise of 3.1%.

It was the lowest level in more than two years and represented a steep deceleration from the mark of 9.1% reached last June.grew by 0.2%, up from 0.1% in the prior month. Estimates had called for 0.3%.

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