Inflation Cooldown Offers Fed Relief | Winnipeg News

Winnipieg News Today | 2 Min News | The Daily News Now! · Jul 14, 2026 · 1m

Inflation cooled noticeably last month, dropping 0.4% from May to June—the biggest monthly decline in four years, better than expected. Annual inflation fell to 3.5%, while core inflation (excluding food and energy) held steady, now at 2.6% year-over-year. Though still above the Fed’s 2% target, the data offers breathing room for rate decisions. Some economists label the trend “transitory,” but lingering spikes in electricity, clothing, and groceries—plus looming AI-driven cost pressures and tariff-related hikes—mean the outlook remains uncertain. Meanwhile, retailers like Walmart are cutting…