US Inflation Hits 12-Month Low, Sparking Hope for Economic Relief The United States experienced a significant cooling in inflation rates in June, with prices rising by only 3% over the past 12 months, marking the slowest pace in a year. This decline, largely attributed to lower gasoline prices, represents the third consecutive month of easing inflation. The trend is easing financial pressures on households and potentially paving the way for the Federal Reserve to consider interest rate cuts as early as September. While some staples like groceries and housing costs continue to rise, the overall inflation picture is improving, offering a glimmer of hope for the economy and potentially alleviating some of the economic dissatisfaction faced by the current administration. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE Economists Put Recession Odds at 40% READ MORE Gold to Hit $2200 in 2024, Wells Fargo Joins Bullish Forecast READ MORE Gold Expected to Shine Amid Uncertainty: World Gold Council at BMO Conference READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment