Economy
Image
![Inflation stock image](/sites/default/files/styles/card/public/2022-07/GettyImages-1397937776.jpg?h=65aa3d03&itok=MfErxJUy)
US wholesale inflation increased in June suggesting some price pressures remain high
That is the sharpest year-over-year increase since March of last year. It is happening as other indicators show that inflation has continued to ease.
Image
![store](/sites/default/files/styles/card/public/2021-11/GettyImages-73931755_0.jpg?h=199d8c1f&itok=l9XBO2SB)
Inflation rate for June 0.1% less than previous month, annual rate now 3%, Labor Department
The slightly lower rates could be a sign for the Federal Reserve to cut its interest rate.
Image
![April 15, 2008. A jet comes in for landing at Los Angeles International Airport (LAX) on April 15, 2008 in Los Angeles, California](/sites/default/files/styles/card/public/2024-07/GettyImages-80689618.jpg?h=c6980913&itok=zvNtAcin)
Increased air travel has not resulted in increased airline profits
Airlines move to save money after an increase in air travel lacks profits.