WS #12047
US consumer prices declined in June for the first time in six years, core inflation flat MoM, supporting a rate cut narrative and reducing pressure on the Fed. Warsh reaffirms commitment to independent monetary policy and price stability, says inflation is a choice, no secret he was critical of 2020 review. Goldman Sachs Q2 revenue +39% YoY, EPS +92% YoY, dividend raised 11%; Citigroup Q2 profit jumps 45%, investment banking best since 2021.
June CPI softer than expected
US consumer prices declined in June for the first time in six years, core inflation flat MoM, supporting a rate cut narrative and reducing pressure on the Fed.
Warsh reaffirms commitment to independent monetary policy and price stability, says inflation is a choice, no secret he was critical of 2020 review.
Goldman Sachs Q2 revenue +39% YoY, EPS +92% YoY, dividend raised 11%; Citigroup Q2 profit jumps 45%, investment banking best since 2021.