US inflation fell more than expected to 3.5% in June as petrol prices tumbled

US inflation dropped more than anticipated to 3.5% in June, driven by a significant decline in petrol prices amid easing energy costs. This development has led traders to reconsider their bets on potential Federal Reserve rate hikes, as the moderation in price surges, partly influenced by the ongoing Middle East conflict, suggests a more stable economic environment. The shift could impact future monetary policy decisions, signaling a potential pause in aggressive rate increases. For more details, check out the full article on the Financial Times website.