Woofun AI data shows that June core CPI remained flat month-over-month, falling short of the 0.2% increase expected by markets. The year-over-year inflation rate stood at 2.6%, also below projections. This dovish outcome has significantly cooled expectations for a Federal Reserve rate hike in July, with implied probability dropping to approximately 15%. Market pricing has largely reverted to pre-speech levels following Governor Waller's earlier hawkish remarks. Analysts indicate that unless geopolitical tensions disrupt energy supplies and reignite inflationary pressures, the likelihood of near-term policy tightening remains low.