Inflation dipped to 3.5% in June, sparking hope — but Fed Chair Kevin Warsh warns it’s far from over. Falling oil prices helped, but core inflation stubbornly persists, signaling deeper, broader price pressures. With inflation above the 2% target for 63 months, Warsh’s hawkish stance suggests more rate hikes may be coming — a potential blow to the booming stock market, especially tech firms reliant on cheap borrowing. Don’t pop the champagne just yet.
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