June CPI falls sharply; Fed rate hike bets tumble

US consumer prices declined in June for the first time since 2020, with inflation cooling to 3.5% and core inflation remaining flat. This unexpected slowdown has led traders to reduce bets on a July Federal Reserve interest-rate hike to 20%.

Coverage

• Inflation eased more than expected in June, CPI report shows
• Inflation fell more than expected in June as gas prices eased
• Teasury yields tumble after June CPI slows much more than expected
• Treasuries Rally as Cool CPI Data Cuts July Fed Hike Bets to 20%
• US CPI Falls for the First Time Since 2020, Core Gauge Flat

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