US inflation cools in May, boosting hopes of Fed rate cut
WEBWASHINGTON, June 28 (Reuters) - U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing...
US inflation cooled in May in a sign that price pressures may be …
WEBJun 12, 2024 · Wednesday’s inflation report showed that the prices of airfares, furniture and clothing all fell in May, helping keep inflation in check. And the cost of auto insurance, which has soared in recent months, actually dipped from April to May, though it’s still up more than 20% from a year earlier.
Inflation slowed in May, hinting at welcome relief for consumers - CNN
WEBJun 12, 2024 · CNN — Inflation cooled more than expected in May, new data showed Wednesday, delivering a welcome piece of news just hours before the Federal Reserve is set to make its latest announcement...
Inflation Slowed in May, Good News for Consumers and the Fed
WEBJun 12, 2024 · Overall inflation cooled: The Consumer Price Index for May was up 3.3 percent from a year earlier, lower than the 3.4 percent economists had forecast and down from the April reading. And if...
US inflation falls to 3.3% in May in boost to markets - Financial Times
WEBJun 12, 2024 · US inflation fell to 3.3 per cent in May, raising expectations of early interest rate cuts and delivering a boost to the stock market and President Joe Biden. The data, issued on Wednesday...
Us Inflation Cooled In May In A Sign That Price Pressures May ... - Hosted
WEBJun 12, 2024 · WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.
US inflation cooled in May in sign that price pressures may be easing - MSN
WEBConsumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2 percent from April to May, the government said Wednesday. That was down from 0.3 percent...
Instant View: US Inflation Cools in May; Consumer Spending …
WEBJun 28, 2024 · (Reuters) - U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year.
Inflation Rose 4% in May, Another Sign of Cooling - The New York Times
WEBJun 13, 2023 · Inflation cooled overall in May — climbing 0.1 percent compared with April. Peering under the hood, we saw notable price moves in a few products.
CPI report: US inflation is coming back down to Earth
WEBJun 13, 2023 · US inflation is leaving those sky-high days behind: Consumer prices in May rose at the slowest annual pace since March 2021, according to data released Tuesday by the Bureau of Labor...