Inflation Slows Down

Source: https://www.cnbc.com/2023/07/12/inflation-rose-just-0point2percent-in-june-less-than-expected-as-consumers-get-a-break-from-price-increases.html

The CPI is a crucial indicator of inflation since it tracks costs for everything from haircuts and concert tickets to fresh produce and fruits. The result for June represents a considerable drop from 9.1% in June 2022 & represents the smallest 12 month increase since March 2021.

Price increases have started to slow down this should give JPow some breathing room as he attempts to lower inflation which was at its highest rate since November 1981 at roughly 9% annually at this point in 2022.