Real-time inflation as reported by Truflation has dropped to 1.75%, sparking speculation on potential rate cuts by the Federal Reserve.
Truflation uses online data to provide a current snapshot of inflation trends, indicating a 0.52% drop compared to the previous month.
While Truflation's data can be insightful, it is not a key factor in Federal Reserve's monetary policy decisions, which primarily rely on lagging indicators like CPI and Core PCE.
Official inflation indicators like CPI and Core PCE still show concerns, with CPI at 2.4% and Core PCE between 2.1%-2.3% in June.