Reported about 11 hours ago
US inflation saw a slight increase in May, with minimal evidence of significant tariff impacts expected later this year. As Fed Chair Jerome Powell testifies on Capitol Hill, he will advocate for a cautious approach to monetary policies amid uncertainties regarding the economic effects of White House trade policies. Economists predict only a modest rise in core personal consumption expenditures, offering limited guidance on inflation risks, while also highlighting a potential drop in unemployment this year.
Source: YAHOO