June's CPI inflation rate dropped to 3.0%, undercutting the anticipated 3.1%. Core CPI inflation also saw a decline, falling to 3.3% from the expected 3.4%. This marks the 39th month straight with inflation at or above 3%, but notably, it's the third consecutive month of declining CPI inflation.
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US hitting 3% sounds like a miracle! We are going so good with 6 to 8 percent here in India!!
Europe soon will have this level, too. They can't 'print' energy like the US could until now (petrodollar)
It may be due to the high demand of US bonds?
CPI breakdown https://m.stacker.news/39201
Tom, what's your long term view on oil?
It feels like when oil prices cooperate, inflation is "officially" under control.
Going to zero priced in bitcoin like everything else
as far as the oil price is concerned, I think we have seen a lot of manipulation by the US strategic reserve. I think that will soon come to an end and then oil may rise significantly in price to 100 or more dollars a barrel by the end of the year
https://menafn.com/1108431955/US-Department-of-Energy-begins-buying-oil-as-strategic-reserve-despite-high-prices
They are buying back some at higher unexpected price. I'm expecting significant price increase too.
after all, the USA is still energy-independent. now imagine what would happen to a currency like the euro that is not backed by energy.
Buy back better