U.S. Inflation Cools: Federal Reserve To Stay Hawkish? | Rush Hour With Vikram Oza | Business News VIDEO
Consumer Inflation in the U.S slowed for the month of June to 3.0%, marking the smallest annual increase in over 2 years, continuing to cool down. Coming down from the 4.1% in May.
This cool down was supported by rise in gas prices as well as rentals in the country. The real question remains, is if it will enough for the Fed to continue its rate hike pause or will it stay hawkish? On this episode of Rush Hour, Vikram Oza speaks with Nadia Elbilassy- Market Analyst, Equiti Group, on how investors will take this new economic data and what to expect from the Federal Reserve's next FOMC Meet.
#usinflation #fedralreserveinflation #inflation
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