Summary
- Headline inflation was 2.2% over the last 12 months, down from 2.7% in February.
- Year-over-year core inflation dropped to 1.9%, the lowest number since October 2015.
- These numbers ease pressure on the Federal Reserve. Rate increases coming? Probably, but no surprises.
Read my full analysis at SeekingAlpha.com
Also, I have updated my Tracking Inflation and I Bonds page with these new numbers.
And here are the new TIPS inflation indexes for June.
Treasury Inflation-Protected Securities 
I try not to predict inflation and interest rates., unless I really have to. My strategy is to stick with…