WS #12094
June CPI at 3.5% YoY vs 3.8% expected, core also below forecasts, boosting rate cut hopes and equity markets. IBM warns Q2 revenue miss due to mainframe transition, stock down 25% in worst day in decades. New York imposes one-year moratorium on hyperscale data centers over 50 MW, first US state ban.
US Inflation Cools in June
June CPI at 3.5% YoY vs 3.8% expected, core also below forecasts, boosting rate cut hopes and equity markets.
IBM warns Q2 revenue miss due to mainframe transition, stock down 25% in worst day in decades.
New York imposes one-year moratorium on hyperscale data centers over 50 MW, first US state ban.