US Inflation Slows in May, But Will It Last?
TL;DR
The stock market reacted positively to the latest CPI data, with metal and mining stocks rallying on China's stimulus measures. Attention is now turning to the Federal Reserve's upcoming policy meeting, with investors eagerly awaiting any signals on the central bank's plans for tapering its bond-buying program.
- Stock Market Cheers CPI Data As Attention Turns To Fed; Metal, Mining Stocks Rally On China Stimulus Investor's Business Daily
- Inflation: Consumer prices in May rose at slowest annual rate since April 2021 Yahoo Finance
- US inflation slowed in May, prices still up 4% year-over-year Bloomberg Television
- Here's the inflation breakdown for May 2023, in one chart CNBC
- Will inflation’s trajectory last? Hindustan Times
Want the full story? Read the original reporting
Read on Investor's Business Daily