Inflation holds steady
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Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
U.S. consumer prices rose less than expected in May, influenced by cheaper gasoline but restrained by mounting import tariffs. While the Federal Reserve is likely to maintain current interest rates, underlying price pressures remain.
Both core and headline CPI came in below expectations, but economists say tariff risks and solid job growth leave the Fed in wait-and-see mode until fall.
May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
U.S. consumer prices rose slightly in May, driven by housing costs and partially offset by cheaper gasoline. Inflation's future trajectory remains uncertain amidst President Trump's tariffs. The Federal Reserve plans to maintain current interest rates,
US Federal Reserve Governor Christopher Waller anticipates interest rate cuts later this year due to anticipated inflation and unemployment increases due to US tariffs.
St. Louis Fed President Alberto Musalem assesses a 50-50 chance of Trump's trade war triggering sustained inflation, creating uncertainty for U.S. policymakers through the summer. He suggests a potential scenario where trade and fiscal policy clarity emerges in July,