Jun. CPI May Show ‘Inflection Point’ in Inflation Battle
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Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
The president is heaping criticism on Fed Chairman Jerome Powell as markets await the latest inflation numbers.
US consumer inflation rose 2.7% in June, driven by higher energy costs and tariffs, according to government data.
This week we'll get some housing data, but the main event will be the consumer price index and producer price index for the month of June.