U.S. inflation fell 0.1% month-over-month in June, marking the smallest jump in consumer prices in over three years.
Experts predict the Federal Reserve will cut interest rates in September due to cooler-than-expected core inflation and a decline in gasoline prices.
Many believe the Fed has finally tamed inflation after years of battling rising prices with high interest rates, leading to optimism in the market.
Analysts point to fading shelter inflation as a key factor in giving the Fed the opportunity to cut rates to further stabilize the economy.
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