CPI Report Live Updates: U.S. Inflation Reached 9.1% in June
WSJ ^ | 13/7/22
Posted on 7/13/2022, 7:43:54 AM by Eleutheria5
U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.
The consumer-price index's reading for June was higher than May's annual rate of 8.6% that led Fed officials to shift to a faster pace of interest rate increases.
Stock futures turned negative after the release of the data. Investors are closely watching the data for clues about the outlook for central-bank policy and the wider economy.
Thanks! Worse than expected! Food inflation up 10.4%.