Inflation rate falls to an annualized rate of 3% in June with easing prices for gasoline, airline fares, used cars and groceries
The latest evidence of economic strength makes it all but certain that the Fed will resume rate hikes
Many economists described the message from the June meeting as a blurry one
Despite rate increases, Fed chairman says rates "haven't been restrictive very long"
Process of getting inflation back down to 2% has "a long way to go,'' Fed chairman says
Signals there could be two more hikes this year
Tuesday's inflation figures arrive as Federal Reserve officials begin a pivotal two-day meeting
Calling the expected non-rise a "skip" would be seen as compromise between rate hawks and doves in U.S.
Unemployment rate rose to 3.7% in May, up from a five-decade low of 3.4% in April
Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year