{"id":1498,"date":"2026-07-14T14:10:21","date_gmt":"2026-07-14T14:10:21","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1498"},"modified":"2026-07-14T14:10:21","modified_gmt":"2026-07-14T14:10:21","slug":"inflation-fell-at-fastest-rate-in-years-in-june-as-gas-prices-eased","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1498","title":{"rendered":"Inflation Fell At Fastest Rate In Years In June As Gas Prices Eased"},"content":{"rendered":"<div>\n<h2>what to watch for<\/h2>\n<p>Federal Reserve Chair Kevin Warsh, in prepared <u>remarks<\/u> to Congress, pledged the central bank will \u201cget monetary policy right\u201d and said \u201cthe inflation surge of the last five years will be a thing of the past.\u201d Warsh added the Fed has \u201cno tolerance for persistently elevated inflation\u201d and that by setting policy \u201cright,\u201d surging inflation over the last five years will be \u201ca thing of the past.\u201d Warsh did not clarify what he considered to be the \u201cright\u201d policy.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1496\">Warren Buffett Excludes Gates Foundation From Midyear Donations<\/a><\/p>\n<h2>big number<\/h2>\n<p>61.3%. Those are the combined odds priced in by futures traders of an interest rate hike next month as of Tuesday morning, according to CME Group\u2019s FedWatch <u>tool<\/u>. Those odds steadily increase through December, hitting 82.4% in the Federal Open Market Committee\u2019s last meeting of the year, before rising to a high of 89.2% by April 2027. In the FOMC\u2019s meeting last month, \u201cmany\u201d officials argued that interest rates would be \u201cwithin or slightly below\u201d the current range by the end of the year, even as \u201cmany other\u201d participants assessed that interest rates would be higher.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1494\">New York Halts Large Data Centers Being Built For A Year<\/a><\/p>\n<h2>key background<\/h2>\n<p>The Federal Reserve has cited elevated inflation in recent months as the reason for votes to keep interest rates at 3.5%-3.75%. Consumer prices jumped earlier this year shortly after the U.S. struck Iran, which set oil and gas prices surging. There was a brief reprieve at the pump after an interim peace deal was reached. Still, they soon spiked after President Donald Trump announced earlier this month the deal was \u201cover\u201d and that the U.S. would \u201cprobably\u201d hit Iran with strikes again, noting he was \u201cnot sure\u201d he wanted another peace agreement. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1492\">Trump Repeats Claim \u2018Vandals\u2019 Damaged Reflecting Pool\u2014As It Gets Drained Again (Photos)<\/a><\/p>\n<div><\/div>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Inflation Hit Highest Rate In 3 Years In May<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><span><span>Forbes<\/span><span>Fed Minutes Signal No Interest Rate Cuts Until 2027\u2014As Renewed Iran Conflict Spikes Rate Hike Odds<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fuel costs boosted inflation to its highest rate in years the previous month.<\/p>\n","protected":false},"author":1,"featured_media":1497,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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