Summary
- Both headline and core numbers for year-over-year inflation have fallen well below the Federal Reserve’s 2.0% target.
- Falling gasoline prices again accounted for the low June number. Used vehicle prices also have been falling.
- What does this mean for investors in TIPS and I Bonds? Possibly lower real yields and a short-term period of mild inflation.
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Have you a POV on the July 10 yr TIP vs. a 10 yr brokerage CD @3%, both in IRA