US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting from money forms Watch Video

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✓ Published: 12-Jun-2024

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Good news for the average U.S. consumer as the annual inflation rate slowed more than economists expected in May, brightening the outlook for interest rate cuts this year ahead of a pivotal Fed meeting later on Wednesday. This marks the second consecutive inflation report to come in lower than expected, bolstering hopes for a gradual return to the Fed’s 2% target.