IFocus
You are arguing with a Galah
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Here comes the inflation, I guess Trump can forget his rate cuts then.
View attachment 203905
The annual inflation rate in the US accelerated for the second consecutive month to 2.7% in June 2025, the highest level since February, up from 2.4% in May and in line with expectations. Prices rose more for food (3% vs 2.9% in May), transportation services (3.4% vs 2.8%) and used cars and trucks (2.8% vs 1.8%). Also, energy cost declined much less (-0.8% vs -3.5%). Prices for gasoline (-8.3% vs -12%) and fuel oil (-4.7% vs -8.6%) continued to decrease while the rise for natural gas prices remained elevated (14.2% vs 15.3%). Meanwhile, inflation fell slightly for shelter (3.8% vs 3.9%) and new vehicles (0.2% vs 0.4%). On a monthly basis, the CPI rose 0.3%, marking the largest increase in five months, and up from 0.1% in May, but matching expectations. Annual core inflation went up to 2.9% from 2.8%, but below forecasts of 3%. Monthly core CPI also rose less than anticipated by 0.2%, compared to forecasts of 0.3% and 0.1% in May. source: U.S. Bureau of Labor Statistics
So if that keeps rising is that the market top?