Inflation Slowed in May According to the Consumer Price Index Out Today.
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Tag: Consumer Price Index
US consumer prices unchanged in May; rate-cut expectations rise
U.S. consumer prices were unexpectedly unchanged in May, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September.
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Wall St unsettled ahead of inflation data, Fed meeting
Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.
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Biden Flip Flops on Tariffs When Visiting Steel Workers in Pennsylvania
By Daniel Baldwin
April 18, 2024
(Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
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Inflation Rises More Than Expected, Posing Dilemma For Federal Reserve
Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
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US small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Read More US small-business sentiment slides to lowest level in more than 11 years