Economists On June CPI Numbers: 'The Absence Of Bad News Is Good News' — But Fed 'Unlikely To Sway' On Interest Rates

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Leading economists react to June’s Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures.

What Happened: U.S. consumer prices rose 0.3% in June, the Bureau of Labor Statistics reported Tuesday, following a 0.1% increase in May. On an annual basis, the Consumer Price Index climbed 2.9%. Core inflation, which excludes food and energy, rose 2.7% from the prior year.