# JuneCPIFedHike20%:

#JuneCPIFedHike20%:
June CPI Cools but Fed Hike Odds Still 51.9%
June CPI: +3.5% YoY, down from 4.2% in May. Monthly: -0.1%, first drop since May 2020.
Core CPI: +2.6% YoY, unchanged MoM.
Fed Funds: 3.50% – 3.75%
September Hike Odds: 51.9% per CME FedWatch
Gasoline prices fell to $4.18/gallon from $4.61, easing headline inflation. But Fed officials remain hawkish due to oil volatility from the Iran war and core PCE still at 3.34%, well above the 2% target.
Fed Governor Christopher Waller said the Fed may need to raise rates in the “near term” if core CPI stayed hot. New Chairman Kevin Warsh w