U.S. Inflation Slowed in June, But Economy Slowed in Q2
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Insights by Echo AI
The U.S. inflation rate, as measured by the Fed's preferred Personal Consumption Expenditures (PCE) price index, cooled in June. However, the economy slowed in the second quarter, raising concerns about a potential recession. Persistent inflation concerns are expected to push the central bank towards an interest rate hike.
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