U.S. June inflation is expected to moderate, but with the Middle East conflict unresolved this is unlikely to ease household pressure or rule out another Federal Reserve rate increase this year. The anticipated slowdown in CPI largely reflects gasoline retreating from multi-year highs, but a U.S.-Iran ceasefire collapsed last week and pump prices have climbed again; AAA says the national average for regular gasoline rose to $3.87/gal on Monday. Boston College economist Brian Bethune says consume

U.S. June inflation is expected to moderate, but with the Middle East conflict unresolved this is unlikely to ease household pressure or rule out another Federal Reserve rate increase this year. The anticipated slowdown in CPI largely reflects gasoline retreating from multi-year highs, but a U.S.-Iran ceasefire collapsed last week and pump prices have climbed again; AAA says the national average for regular gasoline rose to $3.87/gal on Monday. Boston College economist Brian Bethune says consumer pain has only marginally eased and households remain under heavy strain. KPMG chief economist SWONK warns overall prices continue to accumulate and isolated supermarket discounts will do little to lower total household spending while other cost pressures persist.