Inflation Cooldown vs Geopolitical Risk | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Wholesale inflation cooled slightly in June, thanks mostly to plunging gas prices, but year-over-year prices remain up 5.5%. Core prices rose just 0.2%, and consumer prices dropped 0.4%—the biggest monthly dip in four years, easing Fed pressure. But geopolitical tensions with Iran, including Trump’s new Hormuz blockade, are pushing energy prices back up, adding uncertainty as voters brace for midterms. 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/9abb39a1a5a4e136