What June's unexpected inflation report means for interest rates

The latest CPI report shows inflation came down 0.1% in June, putting the rate over the past year at 3%, slightly lower than economists predicted. CBS News business analyst Jill Schlesinger has more on if the report could spark an interest rate cut from the Federal Reserve.

[adkinsaaron]

Apartments are unaffordable, houses are unaffordable. 35 making 23 an hour. Can't get a place of my own. Why? When will I be able to have a home

[floridastacker]

You failed to mention massive government spending and killing US energy as the real culprit

[fintamaria]

What a joke you don’t know how to react, laugh or cry 😢😢😢

[JoeSmith-fuyx]

Rates aren’t going down for a .1% drop month over month.

[jz]

Funny how this happens right before the election. FJB

[fneidtp]

A "natural occurance." Yeah. okay, lady.

[keithmoriyama]

They keep telling us that inflation is going down, but my food/ gas bill keeps getting higher.

[Network]

I've been homeless since the pandemic.

[Shining]

Inflation will continue to worsen as long as Ukraine conflict continues. Both are directly linked together. We're printing money like crazy now.

[priesnellwarren]

Great context made in that a dip in point to point inflation does not necessarily means prices are falling significantly.

[alooga]

The rate of inflation is still a full percentage above the Fed's target rate of 2%. Powell & Co. have not accomplished the mission yet.

[thedopplereffect]

Inflation still increased. Raw CPI numbers are 314.069 to 314.175

[NHLblkgurl]

A dozen fed funds rate hikes and we only still get INCREASE at an infinitesimal slower rate of increasing? (Must be an election year)

[tedstriker]

Still long way off from 3% stop smiling. Also talk about how high it is over the last three years 22% no smile here at all

[alexshatner]

A WHOPPING 1% WOW I AM HAVING A HEART ATTACK OF HAPPINESS

[taranjitsingh]

Gold stocks going up….look for Q2 blockbuster earnings with high gold prices…gold stocks will skyrocket and not to mention interest rates coming down further fueling prices!! Just my take on my portfolio.

[sergiosilva]

1st: People in the comments section seem to not understand how inflation works.
2nd: -0, 3p.p. yoy and -0, 1p.p mom.
3rd: let's hope this trend continues and the FED decreases the interest rates this summer.

[MIAMIC]

.1% meanwhile UP 20-30% over last 3 years. GTGOH!

[joelyates]

Your positive news won't last long. Yesterday, gas prices by me went up 10%.

[StewieGriffin]

TICKER $A C H R
Stellantis bought 17 million shares
for Air Taxi Funding to fight road congestion
350 MILLION SHARES TOTAL
60% OF IT IS HELD BY INSTITUTIONS
WE ONLY HAVE 133M FLOAT REMAINING
55 MILLION SHARES ARE SHORTED