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Inflation drops in May, but not enough to slow interest rate hikes

Por: Fox Business Business June 14, 2023

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Inflation dropped in May, but it may not be enough to slow interest rate hikes.  (iStock) Inflation dropped more than expected in May to 4% from the previous year, according to the Consumer Price Index (CPI) (BLS). But economists explained this may not be enough to stop the Federal Reserve from once again raising interest rates.  In May, inflation was down from the annual inflation rate of , but it increased 0.1% on a monthly basis, according... + full article



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