Inflation Cooldown, Fed on Alert | Global News

Inflation cooled slightly in June, dropping to 3.5% year-over-year and core inflation holding steady at 2.6%, surprising some economists. While cheaper gas helped, rising oil prices due to Middle East tensions could reverse gains. The Fed remains cautious, with Chair signaling no victory yet and pledging to follow data over politics. AI-driven chip demand is also pushing up prices for electronics, adding complexity. Fed officials are split—some warn of lingering inflation risks, others suggest holding rates steady if core stays low. 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/8c144ccff1688630