Reported 7 months ago
Inflation cooled slightly in May with consumer prices rising 3.3% annually, lower than economists' predictions. This data from the Department of Labor came before an upcoming Federal Reserve interest rate decision. Analysts anticipated a 3.4% inflation rate for May, but the Federal Reserve is expected to maintain its interest rate as it waits for inflation to approach its 2% target. The Federal Reserve's decision will be announced at 2 p.m. Eastern time.
Source: YAHOO