Inflation Slowed to 3.5% in June on Gasoline Relief
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- Inflation slowed to 3.5% in June, with the cooling attributed to Americans getting a break from gasoline prices
- US stocks rose after the softer inflation data, though stock futures were initially flat and IBM shares plunged
Why it matters: The 3.5% June inflation print — helped by lower gasoline prices — lifted equity markets, showing that softer consumer costs and rising stock indices can coexist in the same session even when individual names like IBM sell off sharply.
