“With another good CPI print under their belt, the window is open for the Federal Reserve to cut interest rates as early as September, and potentially again in December, assuming the inflation data continues to cooperate.”

Skyler Weinand, chief investment officer at Regan Capital, commented on the latest Consumer Price Index report that showed consumer prices dropped 0.1 percent on a monthly basis, helping to bring the annual rate of inflation in June to 3 percent from 3.3 percent in May. Read the CNN article, “Prices Fell in June for the First Time Since the Start of the Pandemic.”