Joe Biden says in statement that falling prices and rising wages are ‘thanks to my economic plan’
Prices unexpectedly fell in the US last month, lifting hopes that the Federal Reserve is on the verge of cutting interest rates.
As inflation fell 0.1% on a monthly basis in June, having beenunchanged in May, the consumer price index’s annual increase was also the smallest in a year.
More Stories
Meta terminates its DEI programs days before Trump inauguration
Ex-McKinsey partner pleads guilty to destroying records on opioids
Elon Musk says all human data for AI training ‘exhausted’