Inflation in U.S. drops as consumer prices unexpectedly fell in June
U.S. consumer prices unexpectedly fell and the annual increase was the smallest in a year, reinforcing views that a trend of dropping inflation was back on track in the United States, and drawing the Federal Reserve another step closer to cutting interest rates. The consumer price index dipped 0.1 per cent last month after being unchanged in May, the U.S. Labour Department’s … Read more
