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
Revealed: Big tech’s new datacentres will take water from the world’s driest areas
Couple who ran Swedish eco-resort say 158 barrels of human waste left behind was ‘very normal’
Meta faces antitrust claims at trial over Instagram and WhatsApp ownership