A year after U.S. inflation peaked and touched off an aggressive turn in monetary policy, Federal Reserve officials may be opening a more encouraging chapter in their policy discussion . . . .Reuters
Inflation as measured by the producer price index fell to a 0.1% annual rate in June, a surprising result showing prices have nearly stopped increasing altogether . . . . Zachary Halaschak
Wall Street stocks surged on Wednesday and the dollar and Treasury yields fell after new inflation data showed a slowdown in the seemingly relentless rise of U.S. consumer prices. . . . Reuters