Particle.news

Download on the App Store

Inflation Eases as Consumer Optimism Rises, But Economic Uncertainty Remains

  • Inflation has cooled from peak levels, with the consumer price index rising just 3% annually in June.
  • Wholesale inflation slowed sharply as well, with producer prices up just 0.1% annually in June.
  • Consumer sentiment jumped to its highest level since September 2021 as inflation eased.
  • The labor market remains strong, with jobless claims continuing to decline.
  • Experts caution it's too early to declare victory on inflation, and economic risks like higher rates, a strong dollar, and a potential recession persist.
Hero image