📉 US inflation cools off in June! Prices rose by 3% over the last 12 months, marking the slowest inflation rate in a year, thanks to lower petrol prices. 🚗💨

- This is the third consecutive month of falling inflation, easing financial pressures on households and potentially paving the way for a Fed rate cut as early as September.

- The Fed's key lending rate has been over 5.3% since last year, a near two-decade high.

- From May to June, prices actually dropped 0.1% - a first in years!

What's your take on this? 🤔 Do you think we're on track for a September Fed rate cut?

On the flip side, grocery prices are up 1.1% since June 2023, and housing costs have climbed 5.2%. 🏠🍞

Despite this, the White House sees this as progress, given the economic dissatisfaction caused by rising living costs and interest rates.

Let's discuss! 💬 #Economy #Inflation #FedRateCut