_us-inflation-eases-more-than-expected-in-may-boosts-2024-rate-cut-prospects-ahead-of-wednesday39s-fed-meeting.jpg "US Inflation Eases More Than Expected In May, Boosts 2024 Rate Cut Prospects Ahead Of Wednesday's Fed Meeting from robot worm inflation Video Screenshot Preview")
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⏲ Duration: 0:58
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✓ Published: 12-Jun-2024
👁 View: 3.7M times
✓ Published: 12-Jun-2024
Description:
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.
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.
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