Inflation Rises 2.6% in May as Housing Costs Continue to Climb from addo national park costs Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:34 👁 View: 125K times ✓ Published: 29-Jun-2024
Description: A key inflation measure tracked by the Federal Reserve showed inflation rising 2.6% in May 2024 compared to a year ago, matching economists' expectations. The core PCE price index, which excludes volatile food and energy costs, increased 0.1% in May. Housing costs continued rising, up 0.4% for the fourth straight month, keeping broader inflation pressures higher. Investors have scaled back expectations for Fed rate cuts this year from six to just two, starting in September.