{"id":595071,"date":"2024-07-16T18:30:40","date_gmt":"2024-07-16T18:30:40","guid":{"rendered":"https:\/\/drewdodds.vipmtginc.com\/blog\/?p=595071"},"modified":"2025-09-08T19:39:40","modified_gmt":"2025-09-08T19:39:40","slug":"newsletter-7-15-202","status":"publish","type":"post","link":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/","title":{"rendered":"Newsletter &#8211; 7\/15\/202"},"content":{"rendered":"<p><strong>Week of July 8, 2024 in Review<\/strong><\/p>\n<p>Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that elevated inflation isn\u2019t the only risk to our economy. Read on for these stories and more:<\/p>\n<ul>\n<li>Consumer Inflation Cooler Than Forecasted<\/li>\n<li>Wholesale Inflation Heats Up<\/li>\n<li>Powell Testimony Shows Fed Focused on Dual Mandate<\/li>\n<li>Holiday Impact on Unemployment Claims<\/li>\n<\/ul>\n<p><strong>Consumer Inflation Cooler Than Forecasted<\/strong><\/p>\n<p>There was more encouraging news regarding inflation as June\u2019s Consumer Price Index (CPI) fell 0.1% from May. This marked the first monthly decline since the start of the pandemic and helped push the annual reading lower from 3.3% to 3%. Core CPI, which strips out volatile food and energy prices, increased 0.1% for the month while the annual reading declined from 3.4% to 3.3%.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-595072\" src=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png\" alt=\"consumer price index june 2024\" width=\"802\" height=\"516\" srcset=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png 964w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-300x193.png 300w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-768x494.png 768w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-460x295.png 460w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-200x129.png 200w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-400x257.png 400w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-600x386.png 600w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024-800x515.png 800w\" sizes=\"(max-width: 802px) 100vw, 802px\" \/><\/p>\n<p>All these measures were softer than estimates, as moderating gasoline and shelter costs were key reasons for the friendly numbers.<\/p>\n<p><strong>What\u2019s the bottom line?<\/strong> Remember, the Fed hiked its benchmark Fed Funds Rate eleven times between March 2022 and July 2023 to a two-decade high to fight inflation, which peaked at 9.1% in 2022. Their goal with this series of hikes was to slow borrowing and spending so pricing pressure would shrink and inflation would come under control.<\/p>\n<p>The Fed has repeatedly said that they do not plan to cut rates until members have gained greater confidence that annual inflation is moving sustainably toward their 2 percent target. Fed Chair Jerome Powell reiterated this sentiment last Tuesday and Wednesday during his Semiannual Monetary Policy Report to Congress, which occurred ahead of Thursday\u2019s CPI release (more on his testimony below).<\/p>\n<p>June\u2019s CPI data followed better than expected numbers in both April and May, giving the Fed another welcome sign that inflationary pressures are easing, especially after readings in the first quarter of this year were unexpectedly high.<\/p>\n<p><strong>Wholesale Inflation Heats Up<\/strong><\/p>\n<p>The Producer Price Index (PPI), which measures inflation on the wholesale level, was hotter than expected in June while May\u2019s readings were also revised higher. Headline PPI rose 0.2% last month, with the annual reading also up from 2.4% to 2.6%. Core PPI, which strips out volatile food and energy prices, rose 0.4% and the year-over-year reading increased from 2.6% to 3%.<\/p>\n<p><strong>What\u2019s the bottom line?<\/strong> After June\u2019s cool consumer inflation report, wholesale inflation surprised to the upside. While the PPI report did not move the markets when it was released on Friday, the data is important because some of the components are factored into another inflation measure called Personal Consumption Expenditures (PCE). We will need to see if this causes PCE to be hotter than expected as a result, but thus far expectations are for a low PCE reading when that data is released on July 26.<\/p>\n<p><strong>Powell Testimony Shows Fed Focused on Dual Mandate<\/strong><\/p>\n<p>While the Fed has a dual mandate of price stability and maximum employment, in recent years they\u2019ve been more focused on taming out-of-control inflation, given that the labor market has been strong. However, in his testimony to Congress last week, Powell acknowledged that \u201celevated inflation is not the only risk we face,\u201d as the job market has \u201ccooled considerably.\u201d<\/p>\n<p><strong>What\u2019s the bottom line?<\/strong> Powell also noted that economic growth has moderated after a strong expansion in the second half of last year. Cooling consumer inflation combined with signs that the economy and job market are slowing have led to growing calls for the Fed to begin cutting their benchmark Fed Funds Rate, with growing odds that a cut may occur at their meeting on September 17-18. The inflation and labor market reports released ahead of that meeting will play a pivotal role in this decision.<\/p>\n<p><strong>Holiday Impact on Unemployment Claims<\/strong><\/p>\n<p>Initial Jobless Claims fell by 17,000 in the latest week, with 222,000 people filing new unemployment claims. Continuing Claims also fell by 4,000, as 1.852 million people are still receiving benefits after filing their initial claim.<\/p>\n<p><strong>What\u2019s the bottom line?<\/strong> While Initial Jobless Claims fell to their lowest level since May, the measured week included July 4 and this could have impacted the data as people often put off filing during holiday weeks. Continuing Claims measured the week before Independence Day, so they were unaffected by the holiday. These Claims have now topped 1.8 million for the last five weeks, remaining near some of the highest levels seen in recent years and suggesting that it\u2019s becoming harder for people to find a new job once they\u2019re let go.<\/p>\n<p>Again, the Fed will be watching for any sustained rise in unemployment claims as they weigh monetary policy and the timing for rate cuts this year.<\/p>\n<p><strong>Family Hack of the Week<\/strong><\/p>\n<p>It\u2019s National Ice Cream Month. Add chocolate chunks, cookie crumbs and nuts to this simple No Churn Recipe for an easy homemade treat! Yields 10 to 12 servings. Place a 9-by-5-inch loaf plan in the freezer. In a medium bowl, combine 1 14-ounce can sweetened condensed milk, 1 1\/2 teaspoons vanilla extract and a pinch of salt. Whisk until thoroughly blended. In a large bowl, beat 2 cups chilled heavy cream with an electric mixer until stiff peaks form. Add about 1 cup of the whipped cream to the sweetened condensed milk mixture and stir gently until well blended. Pour the condensed milk mixture into the remaining whipped cream and fold with a spatula until no streaks remain. Pour ice cream into the chilled loaf pan and spread evenly. Return to freezer. Mix in chocolate chunks, cookie crumbs and coarsely chopped toasted pecans after around 2 hours (ice cream should be firm but soft enough to stir in ingredients). Swirl to distribute the add-ins and return pan to freezer. Freeze until very firm, at least 3 more hours.<\/p>\n<p><strong>What to Look for This Week<\/strong><\/p>\n<p>Important housing reports are ahead, starting Tuesday with an update on home builder sentiment for this month. June\u2019s Housing Starts and Building Permits will be reported on Wednesday.<br \/>\nAlso of note, June\u2019s Retail Sales will be released on Tuesday and the latest Jobless Claims on Thursday. Plus, we\u2019ll see an update on manufacturing for the New York region on Monday and the Philadelphia region on Thursday.<\/p>\n<p><strong>Technical Picture<\/strong><\/p>\n<p>Mortgage Bonds closed above an important overhead ceiling on Friday. If this result holds, there is a ton of room to the upside. The 10-year ended last week trading around 4.18%, near the lower end of its current trading range. It is a significant sign to see the 10-year trade beneath 4.25% and if this is maintained, we will likely see yields drift toward 4%.<\/p>\n<p>If you have any questions, <a href=\"https:\/\/drewdodds.vipmtginc.com\/blog\/\">please contact me today!<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week of July 8, 2024 in Review Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that elevated inflation isn\u2019t the only risk to our economy. Read on for these stories and more: Consumer Inflation Cooler Than Forecasted Wholesale Inflation Heats Up Powell Testimony Shows Fed [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":595072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-595071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newsletter - 7\/15\/202 - Drew Dodds<\/title>\n<meta name=\"description\" content=\"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newsletter - 7\/15\/202 - Drew Dodds\" \/>\n<meta property=\"og:description\" content=\"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/\" \/>\n<meta property=\"og:site_name\" content=\"Drew Dodds\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-16T18:30:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-08T19:39:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png\" \/>\n\t<meta property=\"og:image:width\" content=\"964\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Drew Dodds\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Drew Dodds\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/\"},\"author\":{\"name\":\"Drew Dodds\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/person\\\/a9b55d000ca877f53f3b7b733fb26b9b\"},\"headline\":\"Newsletter &#8211; 7\\\/15\\\/202\",\"datePublished\":\"2024-07-16T18:30:40+00:00\",\"dateModified\":\"2025-09-08T19:39:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/\"},\"wordCount\":1087,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/consumer-price-index-june-2024.png\",\"articleSection\":[\"Newsletter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/\",\"name\":\"Newsletter - 7\\\/15\\\/202 - Drew Dodds\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/consumer-price-index-june-2024.png\",\"datePublished\":\"2024-07-16T18:30:40+00:00\",\"dateModified\":\"2025-09-08T19:39:40+00:00\",\"description\":\"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#primaryimage\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/consumer-price-index-june-2024.png\",\"contentUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/consumer-price-index-june-2024.png\",\"width\":964,\"height\":620,\"caption\":\"consumer price index june 2024\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2024\\\/07\\\/16\\\/newsletter-7-15-202\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsletter &#8211; 7\\\/15\\\/202\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\",\"name\":\"Drew Dodds\",\"description\":\"V.I.P. Mortgage, Inc.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\",\"name\":\"Drew Dodds\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/VIP-white-logo-proof.png\",\"contentUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/VIP-white-logo-proof.png\",\"width\":99,\"height\":64,\"caption\":\"Drew Dodds\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/person\\\/a9b55d000ca877f53f3b7b733fb26b9b\",\"name\":\"Drew Dodds\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"caption\":\"Drew Dodds\"},\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/author\\\/drewd\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Newsletter - 7\/15\/202 - Drew Dodds","description":"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/","og_locale":"en_US","og_type":"article","og_title":"Newsletter - 7\/15\/202 - Drew Dodds","og_description":"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...","og_url":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/","og_site_name":"Drew Dodds","article_published_time":"2024-07-16T18:30:40+00:00","article_modified_time":"2025-09-08T19:39:40+00:00","og_image":[{"width":964,"height":620,"url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png","type":"image\/png"}],"author":"Drew Dodds","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Drew Dodds","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#article","isPartOf":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/"},"author":{"name":"Drew Dodds","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/person\/a9b55d000ca877f53f3b7b733fb26b9b"},"headline":"Newsletter &#8211; 7\/15\/202","datePublished":"2024-07-16T18:30:40+00:00","dateModified":"2025-09-08T19:39:40+00:00","mainEntityOfPage":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/"},"wordCount":1087,"commentCount":0,"publisher":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#primaryimage"},"thumbnailUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png","articleSection":["Newsletter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/","name":"Newsletter - 7\/15\/202 - Drew Dodds","isPartOf":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#primaryimage"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#primaryimage"},"thumbnailUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png","datePublished":"2024-07-16T18:30:40+00:00","dateModified":"2025-09-08T19:39:40+00:00","description":"Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that...","breadcrumb":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#primaryimage","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png","contentUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2024\/07\/consumer-price-index-june-2024.png","width":964,"height":620,"caption":"consumer price index june 2024"},{"@type":"BreadcrumbList","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2024\/07\/16\/newsletter-7-15-202\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drewdodds.vipmtginc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Newsletter &#8211; 7\/15\/202"}]},{"@type":"WebSite","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#website","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/","name":"Drew Dodds","description":"V.I.P. Mortgage, Inc.","publisher":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drewdodds.vipmtginc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization","name":"Drew Dodds","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2022\/02\/VIP-white-logo-proof.png","contentUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2022\/02\/VIP-white-logo-proof.png","width":99,"height":64,"caption":"Drew Dodds"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/person\/a9b55d000ca877f53f3b7b733fb26b9b","name":"Drew Dodds","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","caption":"Drew Dodds"},"url":"https:\/\/drewdodds.vipmtginc.com\/blog\/author\/drewd\/"}]}},"_links":{"self":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/comments?post=595071"}],"version-history":[{"count":2,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595071\/revisions"}],"predecessor-version":[{"id":595074,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595071\/revisions\/595074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/media\/595072"}],"wp:attachment":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/media?parent=595071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/categories?post=595071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/tags?post=595071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}