US Inflation Eases to 2.4% in May Despite Tariffs
TL;DR Summary
US inflation increased modestly to 2.4% in May, less than expected, indicating limited impact from tariffs so far. Core inflation remained steady at 2.8%. Market expectations suggest the Federal Reserve will hold rates steady next week but may consider cuts later in the year if inflation remains controlled, amid political pressure from Trump to lower borrowing costs.
- US inflation rose less than expected to 2.4% in May Financial Times
- Inflation rose less than expected last month despite Trump’s tariffs CNN
- CPI Inflation Data is Muted as Tariff Impact is Limited The New York Times
- Live: Analysis of US CPI Report for May Bloomberg.com
- US prices continued to rise in May amid Trump tariffs The Guardian
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