Inflation Has Peaked Again, Paving The Way For More Bull Market Gains

June CPI fell 0.4%, reversing prior energy-driven increases and easing inflation concerns. Core inflation was flat, with declines in used cars, apparel, and medical care, signaling limited pass-through from war-related costs. Real wage growth turned positive, supporting consumer spending and reducing pressure on the Fed to hike rates. Peak inflation appears behind us, setting the stage for potential bull market gains and eventual Fed rate cuts in 2027.