Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions The Consumer Price Index (CPI) showed a slight and unexpected dip in May, suggesting potential price relief for consumers and raising questions about the timing of Federal Reserve interest rate cuts. Annual inflation eased to 3.3% from 3.4% in April, below expectations. Monthly inflation was flat, the lowest since July 2022, and core CPI, excluding food and energy, increased by 0.2%, the lowest since October. These figures indicate a possible normalization of inflation, which could influence the Fed’s future rate decisions, though rates are expected to remain unchanged for now. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Commodities Feed: China Buys More Gold in February READ MORE Stocks, Gold Rise on Bet on Aggressive Fed Rate Cut READ MORE Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow READ MORE Gold Prices Decline as Markets Reassess Rate Cut Expectations READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment