Inflation falls 0.1% in June from prior month. When will rates get lowered?

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Chuck Zodda and Mike Armstrong react to the release of the June CPI data that showed inflation slowing for the month. When will the Fed respond with rate cuts? Jerome Powell is not prepared to say he's confident about inflation. Delta's sagging profts signals trouble for airlines this summer. Home insurance premiums are surging and states are allowing it. The risky loan-trade is back. Goldman strategists say Big Tech's AI splurge is worrying investors.

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