Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut

The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported June 12.  After hitting a 40-year high of 9.1% in June 2022, inflation has slowed. But after…

The post Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut appeared first on RISMedia.

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