Global EconomyJuly 14 at 08:50 AM

WSJ's Nick Timiraos says very cool prices in the June CPI were across the board; Core goods declined for the second straight month, down -0.09%; Housing was up just 0.12%; Core services ex-housing was -0.2%, the lowest since the lockdowns

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June CPI showed a broad cooling, led by falling energy and core services. While supportive for markets, geopolitical tensions and Fed caution suggest a gradual path toward inflation targets.

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WSJ's Nick Timiraos says very cool prices in the June CPI were across the board; Core goods declined for the second straight month, down -0.09%; Housing was up just 0.12%; Core services ex-housing was -0.2%, the lowest since the lockdowns

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