Woofun AI reports that White House Council of Economic Advisers Chairman Kevin Hassett stated on the 14th that all 67 economists polled by Bloomberg incorrectly forecast the June CPI data. The June consumer price index registered a 0.4% month-over-month decrease, representing the most significant monthly decline over the past six years. Hassett attributed this contraction to cost-reduction initiatives implemented by U.S. President Donald Trump.