U.S. consumer prices saw their smallest increase on a yearly basis in more than two years in June. The headline CPI reported on Wednesday showed that inflation is subsiding.

The considerable slowdown in underlying inflation sparked a rally in the stock and bond markets.

Some investors are convinced the U.S. central bank’s fastest monetary policy tightening cycle since the 1980s is drawing to a close.

U.S. consumer prices saw their smallest increase on a yearly basis in more than two years in June. ...{ai:summary}<p>Consumer prices in the U.S. had minimal yearly increase in June, indicating a subsiding inflation. This led to a market rally as investors believe that the country's central bank's rapid monetary policy tightening cycle may be nearing its end. #economy</p>

Inflation Closing In on Fed’s Target: Analyst

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