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[mahatmakanejeeves]

This message was self-deleted by its author (mahatmakanejeeves) on Tue Jun 13, 2023, 08:44 AM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.

[BumRushDaShow]

1. CNBC (finally) up with their article

Inflation rose at a 4% annual rate in May, the lowest in 2 years

Published Tue, Jun 13 20238:31 AM EDTUpdated 2 Min Ago

Jeff Cox
@jeff.cox.7528
@JeffCoxCNBCcom

The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.

The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month, bringing the annual level down to 4%. That 12-month increase was the smallest since March 2021, when inflation was just beginning to rise to what would become the highest in 41 years.

Excluding volatile food and energy prices, the picture wasn’t as optimistic.

So-called core inflation rose 0.4% on the month and was still up 5.3% from a year ago, indicating that while price pressures have eased somewhat, consumers are still under fire.

(snip)

https://www.cnbc.com/2023/06/13/cpi-inflation-report-may-2023-.html

ETA - this may help with the rate hike "pause" talk the past couple weeks. I believe that decision will come tomorrow as they begin meeting today.