Inflation Chills, Fed Gets Breathing Room | Global News

Inflation just took a major step back—prices dropped 0.4% in June, the biggest monthly dip in four years, with core inflation holding steady despite gas spikes. Year-over-year inflation now sits at 3.5%, beating forecasts and giving the Fed pause on rate hikes. Everyday items like electricity and clothes saw price cuts, while Walmart’s price rollbacks signal stabilization. Still, AI infrastructure and looming tariffs could push costs up later. For now, it’s a welcome reprieve for wallets. 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/dd006976d8b4f3ea