Investors Cheer As May Inflation Comes In Below Expectations
Investors have received some good news after one popular inflation measure came in below expectations for the month of May. On Wednesday, the Labor Department reported the consumer price index, or CPI, rose 3.3% year-over-year in May, down from a 3.4% gain in April and below economist estimates o
www.forbes.com
It appears the rate hikes have cooled inflation. Thanks Jerome Powell!
