U.S. headline CPI in June may have fallen 0.09% month over month, partly due to a sharp decline in gasoline prices, Bank of America Securities analysts said in a report.
According to Jin10, the analysts added that core inflation was expected to remain elevated at 0.28% month over month or 2.9% year over year, partly because World Cup-related demand was pushing up services inflation.
Based on this forecast, they said they expected core PCE to again come in slightly stronger than CPI.
Bank of America Securities Sees U.S. June CPI Falling 0.09% as Gasoline Prices Drop
2026-07-10 18:08:39
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