WS #12073
US June CPI rose 3.5% YoY vs 3.8% expected, core CPI 2.6% vs 2.8% expected, driven by energy price declines; reduces pressure for Fed rate hike. IBM plunges ~24% after preliminary Q2 results miss, citing customers shifting spending to AI infrastructure, dragging software stocks.
June CPI Disinflation Surprise
US June CPI rose 3.5% YoY vs 3.8% expected, core CPI 2.6% vs 2.8% expected, driven by energy price declines; reduces pressure for Fed rate hike.
IBM plunges ~24% after preliminary Q2 results miss, citing customers shifting spending to AI infrastructure, dragging software stocks.