TRIn June, U.S. consumer inflation dropped to 3.5% annually, below the expected 3.8%, due to declining energy prices linked to a preliminary U.S.-Iran agreement aimed at ending Middle East tensions. This marks a decrease from the previous month’s 4.2% rise and represents a slowdown from a three-year high. However, renewed conflicts in the region and former President Donald Trump’s comments on ceasing a truce have pushed oil prices upward again. Federal Reserve Chair Kevin Warsh is scheduled to address Congress, where he plans to emphasize the Fed’s commitment to reducing inflation, stating that achieving correct monetary policy will eliminate the 'inflation surge' of the past five years.
Bias read (Center): The article presents factual economic data and quotes from the Federal Reserve chair without overtly favoring any political side. It includes both the decline in inflation and factors that could push prices up again, such as regional conflicts and political statements. There is no clear ideological傾
