US Inflation Falls to Three-Year Low, Raising Hopes for Interest Rate Cuts
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#f780011f ver:1.16

US inflation falls to a 3-year low, raising hopes for interest rate cuts. The core PCE price index, a key measure of inflation, dropped to 2.6% in May, the lowest since March 2021. This could prompt the Federal Reserve to cut interest rates as early as September. Consumer spending increased by 0.2% in May, but factors like inflation fatigue and higher borrowing costs are restraining growth. #Inflation #InterestRates #Economy...

#newstr #UsInflation #FederalReserve #InterestRates 

 https://here.news/story/f780011f?ver=1.16