US Inflation Remains Steady Amid Limited Tariff Impact in May
TL;DR Summary
Inflation remained steady in May at 2.4%, with gasoline prices falling but other energy costs rising, while Trump's tariffs have yet to significantly impact consumer prices, though forecasters warn they may increase inflation in the future. The Federal Reserve is cautious about further rate cuts due to potential inflationary effects of tariffs.
- Inflation is holding steady as Trump's tariffs have yet to fully hit NPR
- 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
- CPI Report: Inflation Ticked Up to 2.4%; Core Prices Remained Steady in May; Tariff Impacts Barron's
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