US monthly inflation falls for the first time since 2020

CommSec's Tom Piotrowski says markets in the US are now pricing in a "near certainty" that the US Federal Reserve will be cutting interest rates in September. "We have had an interesting turn of events where Wall Street is concerned … the consumer inflation report for the month of June was released and this was better than the market expected," Mr Piotrowski said. "In fact, it was the first time we'd seen a monthly decline in US inflation since May of 2020." Presented by CommSec.