U.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting...
US consumer prices flat in May, defying expectations for slight riseWASHINGTON - U.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September against the backdrop of a persistently strong labor market.
Though the annual increase in consumer prices has slowed from a peak of 9.1% in June 2022, inflation continues to run above the U.S. central bank's 2% target. In the 12 months through May, the core CPI increased 3.4%. That was the smallest year-on-year gain since April 2021 and followed a 3.6% advance in April.Fox News Host’s ‘Totally Real’ Description Of Donald Trump Has People LaughingPutin could struggle to end the war in Ukraine because it's making some poor Russians richer
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