The Guardian14 Jul 2026Macro
Automatically composed with AI from the cited sources
Month-over-month CPI fell 0.8% in June, the largest one-month decrease since April 2020, driven by a 9.7% drop in gasoline prices and a 9.2% decline in fuel oil as the brief US-Iran ceasefire temporarily lowered energy costs. Core inflation edged down to 2.6% year-on-year, remaining flat monthly, while the Federal Reserve is scheduled to meet on 28–29 July with rates unchanged following its unanimous June hold.