US Inflation Falls at 3.3% in May 2024
The latest US CPI data has arrived, with US inflation falling to 3.3% in May 2024. Indeed, the data shows that the figure came in lower than expectations. This month’s data is an important part of the Federal Reserve’s action and when they will decide to cut interest rates. The CPI report shows that inflation has once again arrived above the 3% mark for the 12th consecutive month. To this point, traders have remained pessimistic that the figure will fall below that target any time soon. Subsequently, that reality decreases the odds of interest rate cuts until later this year, as it is still far from the Fed’s 2% inflation target. BREAKING: US inflation falls to 3.3%, lower than expectations. — Watcher.Guru (@WatcherGuru) June 12, 2024 Also Read: BRICS: US Economist Warns ‘Worse Stock Market Crash’ in 2 Years US Inflation Says Above 3% as Interest Rate Cut Uncertainty Lingers Source: Brookings Institute Since 2020, the United States ec...