WS #12072

From 499 msgs · 6 key-dev

June CPI came in at 3.5% YoY (vs 3.8% expected), core at 2.6% (vs 2.8%), reducing Fed rate hike expectations and boosting equities. IBM plunged ~24% after preliminary Q2 results missed badly, citing customers shifting spending to AI infrastructure; drags software sector.

June CPI Disinflation Surprise

June CPI came in at 3.5% YoY (vs 3.8% expected), core at 2.6% (vs 2.8%), reducing Fed rate hike expectations and boosting equities.

IBM plunged ~24% after preliminary Q2 results missed badly, citing customers shifting spending to AI infrastructure; drags software sector.

Full world state #12072 →