Fed’s Rhetoric vs Data on Inflation | Business and Finance News

Fed Chair Kevin Warsh warned Congress inflation remains too high and rate hikes are likely, but that same day, June’s CPI showed a surprise drop—largest monthly decline since 2020—suggesting the Fed might pause. Markets initially sided with the data, betting against a July hike, but a sudden oil spike in early July reignited uncertainty, highlighting the tug-of-war between Fed rhetoric and shifting economic signals. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/99ce5fff337bfcb1