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US inflation falls to 3.3% in May
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investmentweek.co.ukThis was lower than the flatline growth economists had predicted. Meanwhile, core inflation, which excludes volatile prices for food and energy, sat at 3.4%, also slightly below the expected 3.5%. According to the US Bureau of Labor Statistics, food prices rose 2.1% over the last twelve months, while the energy index increased by 3.7% during the same period. Fed rate cut 'off the table' as US economy adds 272,000 jobs Richard Flynn, managing director at Charles Schwab UK, said the drop provides evidence that monetary policy is «having its intended effect», while bringing the econom...
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Read more on investmentweek.co.ukAbout this in other media
Wholesale inflation cools more than expected in May foxbusiness.com /6 months ago
US inflation cooled in May in sign that price pressures may be easing abcnews.go.com /6 months ago
Inflation rises 3.3% in May, less than expected foxbusiness.com /6 months ago
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