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Saturday, Jun 14, 2025
Outside the box.
U.S. Inflation Rises to 2.4% in May, Slightly Below Expectations
Increase driven by higher food costs amid ongoing trade tensions
U.S. inflation increased to an annual rate of 2.4% in May, up from 2.3% in April, according to the latest Consumer Price Index data.
The rise, driven primarily by higher grocery bills, was slightly below the 2.5% forecasted by analysts.
The uptick in consumer prices has reignited concerns about the Federal Reserve's capacity to implement interest rate cuts, especially in the face of new trade tariffs and ongoing economic uncertainties.
The rise, driven primarily by higher grocery bills, was slightly below the 2.5% forecasted by analysts.
The uptick in consumer prices has reignited concerns about the Federal Reserve's capacity to implement interest rate cuts, especially in the face of new trade tariffs and ongoing economic uncertainties.
