Inflation Cooldown Offers Fed Relief | Winnipeg News

Inflation cooled noticeably last month, dropping 0.4% from May to June—the biggest monthly decline in four years, better than expected. Annual inflation fell to 3.5%, while core inflation (excluding food and energy) held steady, now at 2.6% year-over-year. Though still above the Fed’s 2% target, the data offers breathing room for rate decisions. Some economists label the trend “transitory,” but lingering spikes in electricity, clothing, and groceries—plus looming AI-driven cost pressures and tariff-related hikes—mean the outlook remains uncertain. Meanwhile, retailers like Walmart are cutting prices on thousands of items, potentially offsetting upward pressure. 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/bf6d859de30068ee