Reported about 10 hours ago
Forecasters anticipate a rise in inflation for May following three months of decline, influenced by tariffs imposed by President Trump. The Consumer Price Index report, set to be released on Wednesday, is predicted to show a 2.4% increase in the cost of living over the year, with 'core goods' inflation expected to rise due to higher prices in goods like new cars and appliances. This report may affect Federal Reserve policies, as an uptick in inflation could lead to prolonged higher interest rates.
Source: YAHOO