US Inflation Near Zero in June, Deflation Risk Rises

The latest inflation data from the Bureau of Labor Statistics show the CPI unchanged in June, following a 0.3 percent decrease in May. For the full year, the CPI has risen just 1.7 percent, well below the Fed’s target of 2 percent. Since the beginning of June, an important indicator of the risk of Japanese-style deflation has begun to rise for the first time in two years. >>>Read more

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