{"id":997,"date":"2024-07-16T08:59:08","date_gmt":"2024-07-16T08:59:08","guid":{"rendered":"https:\/\/kme.com.cy\/?p=997"},"modified":"2024-07-16T08:59:08","modified_gmt":"2024-07-16T08:59:08","slug":"us-inflation-broadly-cools-likely-sealing-deal-for-fed-rate-cut","status":"publish","type":"post","link":"https:\/\/kme.com.cy\/?p=997","title":{"rendered":"US inflation broadly cools, likely sealing deal for Fed rate cut"},"content":{"rendered":"<p>US inflation cooled broadly in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs, sending the strongest signal yet that the Federal Reserve can cut interest rates soon.<\/p>\n<p>The so-called core consumer price index \u2014 which excludes food and energy costs \u2014 climbed 0.1% from May, the smallest advance in three years, Bureau of Labor Statistics figures showed Thursday. The overall measure fell for the first time since the onset of the pandemic, dragged down by cheaper gasoline.<\/p>\n<p>Source: Bloomberg<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US inflation cooled broadly in June to the slowest pace since 2021 on the back [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-997","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US inflation broadly cools, likely sealing deal for Fed rate cut | KME Chartered Accountants<\/title>\n<meta name=\"description\" content=\"US inflation cooled broadly in June to the slowest pace since 2021 on the back of a long-awaited slowdown in housing costs, 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