The US core CPI in June meets the target, paving the way for rate cuts.

The seasonally adjusted core CPI in the United States recorded a monthly rate of 0.2% in June, which is indeed in line with the Federal Reserve's target, so this is good news for policymakers. Although this may not be enough to prompt the Fed to cut interest rates in two weeks, if July inflation data remains at this level, the Fed will face a lot of pressure to maintain its current rate policy.