The US Department of Labor reported that the Consumer Price Index (CPI) for May 2025 rose 2.4% year-on-year, slightly below the 2.8% analysts had predicted. While this is a good sign that inflation is slowing, recent data from May indicates a more pronounced slowdown. Declines in energy and food prices played a major role in this direction. The data has raised expectations that the US Federal Reserve (Fed) may consider cutting interest rates sooner to stimulate an economy facing multiple challenges. However, the Fed continues to emphasize the need to carefully consider economic data before making policy decisions.
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