In May, US inflation decreased slightly to 3.3% YoY, potentially influencing the Fed's rate cut decision.

In May, US inflation eased slightly, with consumer prices rising 3.3% year-on-year according to the US Labor Department. This represents a 0.1 percentage point decrease from the previous month. The trend, if sustained, could move the Federal Reserve closer to a rate cut, as inflation remains above the Fed's target level. However, the Fed must balance the need to combat inflation without weakening the economy too much and potentially causing a recession.

June 12, 2024
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