U.S. inflation eases in May as key Fed decision looms
Investing.com -- U.S. consumer prices increased by less than expected on an annualized basis in May, suggesting to a possible easing in price pressures that could influence how Federal Reserve policymakers see the future path of interest rates.
The Labor Department's consumer price index rose by 3.3% last month, decelerating slightly from 3.4% in April. Economists had predicted that the figure would match April's rate.Scan QR code to install app Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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