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US: Inflation Continues to Ease in May, But Lingering Price Gains Will Keep FOMC Vigilant  

US: Inflation Continues to Ease in May, But Lingering Price Gains Will Keep FOMC Vigilant  
The Consumer Price Index (CPI) increased 0.1% month-on-month (m/m) in May, a tick below the consensus forecast (+0.2% m/m). The 12-month change slipped to 4.0% – down from 4.9% in April`. Energy prices fell 3.6% m/m, as prices at the pump (-5.6% m/m) were down in May, as were energy services (-1.4% m/m). Food prices […] The post US: Inflation Continues to Ease in May, But Lingering Price Gains Will Keep FOMC Vigilant appeared first on Action Forex... Read More
Posted: Jun 13 2023, 13:50
Author Name: actionforex
Views: 101822

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