US June CPI Slows to 3.5%, Pushing Back Fed Rate Hike Expectations

Published: Jul 15, 2026 15:32

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【SMM Precious Metal Express】US June CPI slowed to 3.5% year-on-year, below the 3.8% estimate and the prior 4.2%, while the monthly reading fell 0.4%—the first negative print in six years. Following the data, traders pushed back Fed rate hike expectations to October, with rate futures pricing in approximately 30 basis points of tightening by year-end, down 9 basis points from yesterday.

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