Inflation's Trajectory: Slowdown or Sticky Prices?
TL;DR Summary
The latest Consumer Price Index report shows that inflation is softening, with the annual rate of inflation being the slowest it has been in two years. The report suggests that inflation is turning a corner, and there is still much deflationary momentum in the pipeline. The Federal Reserve is expected to hold the federal-funds rate at its current target of 5.00%-5.25% at its June meeting, and another rate hike is still believed possible in July. The Bureau of Labor Statistics reported that the CPI rose 0.1% in May from the previous month, slower than economists' forecasts and a slowdown from the 0.4% rise in April.
- May CPI Report Suggests Inflation Is Turning a Corner Morningstar
- Inflation: Consumer prices in May rose at slowest annual rate since April 2021 Yahoo Finance
- Three grocery items that actually just got cheaper – even though grocery prices rose 5.8%... The US Sun
- Inflation dropped to 4% in May—but the 'biggest risk' is that core prices will remain sticky CNBC
- Will inflation’s trajectory last? Hindustan Times
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