Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

[mahatmakanejeeves]

4. Slowing U.S. Inflation Fuels Expectations of Interest Rate Cuts

ECONOMY | CENTRAL BANKING
Slowing U.S. Inflation Fuels Expectations of Interest Rate Cuts
Inflation unlikely to accelerate as it did earlier this year, said AllianceBernstein’s Scott DiMaggio

By Paulo Trevisani
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Updated June 28, 2024 12:10 pm ET

The U.S. Federal Reserve’s preferred inflation gauge met forecasts in May, keeping alive expectations that interest rates could fall faster than policy makers forecast.

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