Inflation holds steady
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U.S. inflation saw a slight increase in May, with consumer prices rising 2.4% year-over-year, driven by higher food costs. Core prices, excluding food and energy, remained stubbornly high at 2.8% for the third consecutive month,
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
U.S. consumer prices rose less than expected in May, influenced by cheaper gasoline but restrained by mounting import tariffs. While the Federal Reserve is likely to maintain current interest rates, underlying price pressures remain.
Both core and headline CPI came in below expectations, but economists say tariff risks and solid job growth leave the Fed in wait-and-see mode until fall.
CPI report shows that President Trump's whipsaw tariff policies have not had an outsized impact on inflation, but economists remain on guard.
May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
4don MSN
Blame stubbornly high mortgage rates and lingering economic anxieties over Trump policies for US housing-market gridlock.
U.S. consumer prices rose slightly in May, driven by housing costs and partially offset by cheaper gasoline. Inflation's future trajectory remains uncertain amidst President Trump's tariffs. The Federal Reserve plans to maintain current interest rates,
USD/JPY rises amid Fed hawkishness and U.S. data beats. Watch BoJ chatter, GDP revisions, and CPI numbers for the next market move.