US June inflation cooled to 3.5% as energy prices fell
What's next: Traders cut the odds of a September Fed rate hike after core CPI came in flat for the month at 2.6% year over year.
Subject
#Cpi
10-year Treasury yield drops to 4.55% after cooler June CPI
What's new: Traders cut the odds of a July Fed rate hike to 17% from 42%, though September tightening is still seen as more likely.
Bloomberg, CNBC