Reported 12 months ago
A key measure closely monitored by the Federal Reserve indicates that inflation pressures in the US continue to diminish. The latest Commerce Department report reveals that consumer prices remained steady from April to May, with the mildest performance seen in over four years. Core inflation, excluding volatile food and energy prices, saw a minimal 0.1% rise, while monthly prices for physical goods actually decreased. The Fed's policymakers may find comfort in these figures as they monitor inflation for sustainable slowing toward their 2% target before considering interest rate cuts, which could potentially start in September.
Source: YAHOO