SpainThe U.S. Consumer Price Index (CPI) fell to 3.5% in June due to declining energy prices, lower than the 3.7% forecast by analysts. This decline followed expectations of a moderation in inflation driven by rising fuel costs linked to tensions with Iran. Ahead of the release, new Federal Reserve Chair Kevin Warsh emphasized his commitment to curbing persistently high inflation, criticizing the past five years as a period of failure for the central bank. The Fed maintained interest rates between 3.5% and 3.75%, contrary to pressure from President Donald Trump, who had urged more aggressive rate cuts. The core CPI, excluding volatile energy and food prices, dropped to 2.6%, three-tenths less than in May. Monthly inflation decreased by 0.4% in June, marking the largest drop since April 2020. Meanwhile, White House spokesperson Kush Desai highlighted Trump’s claims that normalization of traffic through the Strait of Hormuz would drastically reduce oil prices and overall inflation, despite recent escalations in conflict between the U.S., Israel, and Iran.
Bias read (Center): The article presents factual economic data and quotes from both the Federal Reserve and the White House, providing balanced perspectives without overtly favoring any political side. It includes statements from multiple stakeholders, including the Fed chair and the White House spokesperson, offeringa
