Reported about 9 hours ago
Traders anticipate that the Federal Reserve may begin cutting short-term borrowing rates in June after January inflation data showed a slight decline. The personal consumption expenditures price index fell from 2.6% to 2.5%, while core inflation decreased from 2.9% to 2.6%. However, concerns persist regarding the balance between controlling inflation and maintaining full employment, particularly amid a decline in consumer spending and the impact of new tariffs from the Trump administration.
Source: YAHOO