Trimmed‑mean inflation hits 1.4% annual rate, lowest since 2020
Dallas Fed’s trimmed‑mean inflation gauge fell to a 1.4% annualized rate in June, the lowest since November 2020, while the 12‑month measure slipped to 2.2%, unseen since July 2021. The drop, highlighted as a more reliable barometer of price trends, could shrink pressure on the Fed to keep rates high as Chair Kevin Warsh pushes for broader data in policy decisions.