US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The details offer signs it might become a full stop.
The consumer price index rose 4% in May from a year earlier, marking the smallest advance since March 2021. Core services inflation excluding housing, a category many forecasters see as key to the outlook, receded to the slowest pace in 15 months
Read More : US Inflation Report Indicates Fed Rate Pause Could Turn Into a Full Stop