US inflation rate eases to 3.5% as gasoline prices fall
While US inflation rate fell in June, concerns remain over prices rising again due to the renewed conflict in the Middle East.
Coverage by Political Leaning
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Notable Quotes
"Gasoline prices are already back above June levels, meaning the next inflation report will heat up again."
— Ipek Ozkardeskaya , Academic
"We share a resolute commitment to restoring price stability."
— Kevin Warsh , Executive
"Instead, we are likely to see a conservative outlook from the Federal Reserve when it meets in a fortnight."
— Lindsay James , Executive
"If we get another hot reading on core inflation this week, then the FOMC will need to consider tightening monetary policy in the near term."
— Christopher Waller , Executive
Key People
Christopher Waller is a member of the Board of Governors of the Federal Reserve System.
Former president of the United States known for his aggressive economic policies.
Ipek Ozkardeskaya is a senior analyst at Swissquote Bank.
Kevin Warsh is the Federal Reserve's new chief.
Lindsay James is an investment strategist at Quilter.
Locations
All Coverage
While US inflation rate fell in June, concerns remain over prices rising again due to the renewed conflict in the Middle East.
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