US Inflation Cools in May, Boosting Hopes of Fed Rate Cut
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#f9660aca ver:0.98

US inflation cools in May, with consumer prices remaining unchanged. Goods prices fell, while services costs rose. This softer pace of underlying prices boosts hopes of a potential Fed rate cut in September. Lower interest rates would have a positive impact on borrowing rates for consumers and businesses. Incomes have outrun inflation for the 17th month in a row, with disposable income and consumer spending both increasing. The Fed's preferred inflation gauge, the PCE price index, also showed a second consecutive month of easing inflation in May. #inflation #Fed #economy...

#newstr #UsInflation #FederalReserve #InterestRates #ConsumerSpending #Incomes #TransferReceipts #Gazprom #GasExports #China 

 https://here.news/story/f9660aca?ver=0.98