US inflation fell to 3 percent in June, highlighting the Federal Reserve's success at pushing down price pressures. The US dollar has dropped to a 15-month low, in sharp contrast to other economies struggling to control inflation. NZ Herald business editor at large Liam Dann says this is down to the US having a very efficient economy, a fact that's often overlooked. LISTEN ABOVE

Source: New Zealand Herald July 13, 2023 14:54 UTC