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 Hedge Funds Go for Gold as Political and Economic Uncertainties Loom READ MORE ALERT: Does This Map Signal the Beginning of Nuclear Conflict? READ MORE Global Public Debt Reaches $97 Trillion, Developing Nations Struggle READ MORE Central Bank Gold Buying – Latest Trends and Developments READ MORE February Layoffs Hit Record High Since 2009, Tech and Finance Sectors Lead the Pack READ MORE Add a Comment Cancel replyYour email address will not be published.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