Reported 10 months ago
The US inflation report for May showed that consumer prices remained flat over the previous month and rose 3.3% over the previous year, a deceleration from April's figures. Energy prices, particularly gas prices, declined in May, contributing to the slowdown in inflation. The core CPI, which excludes food and energy costs, saw a 0.2% increase over the previous month and a 3.4% rise over the previous year, lower than economist expectations. Following the report, markets rose, with the 10-year Treasury yield dropping. Investors now anticipate a potential rate cut by the Federal Reserve in September. Shelter prices remain high, with the shelter index rising, and energy prices falling in May.
Source: YAHOO