O retreated them widely in June, giving further impetus to the confidence of Federal Bank officials (Fed) that they can reduce interest rates soon, according to a Bloomberg report. At the same time inflation in the US – which does not include food and energy costs – has increased by 0.1% since May, the smallest progress since August 2021, as shown by Bureau of Labor Statistics. The annual measure increased by 3.3%, also the slower rate in over three years, according to current figures (11.7.2024). Economists regard the core of the indicator as a better indicator of underlying inflation than the overall ICC. This measurement was reduced by 0.1% compared to the previous month – the first reduction since the start of the pandemic, driven by cheaper petrol – and by 3% compared to a year ago. These figures come to be added to the figures showing that inflation has returned to its downward trend since the outbreak it had occurred at the beginning of the year, while wider economic activity seems to be slowing down. In the wake of last week’s report showing an increase in unemployment for a third consecutive month, the figures are expected to keep the US Federal Reserve on a downward trend later this year.