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U.S. June CPI Hits 0.3% as Expected—But Core Rate Surprises at Just 0.2%
U.S. June CPI Hits 0.3% as Expected—But Core Rate Surprises at Just 0.2%
10
3
Inflation data drops—and Wall Street barely flinches.
The headline number: U.S. CPI rose 0.3% in June, matching expectations. No fireworks here.
The real story: Core CPI—stripping out volatile food and energy—climbed just 0.2%. Slightly cooler than the doom-predictors feared.
Markets yawned. Traders already priced this in while sipping overpriced artisanal lattes. Because nothing says 'bullish' like inflation still above target and the Fed pretending it's temporary.
Funny how 'transitory' becomes 'structural' when your portfolio needs copium.
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