Tag: Flat

US consumer prices flat in May, defying expectations for slight rise

WASHINGTON (Reuters) – U.S. consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September against the backdrop of a persistently strong labor market. The unchanged reading in the consumer price index reported by the Labor Department’s Bureau of […]

Flat US May CPI boosts confidence that Fed is reining in inflation

(Reuters) -The U.S. Consumer Price Index was unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve, which concludes it regular policy meeting later on Wednesday, to start cutting interest rates before September. The flat reading reported by the Labor Department on Wednesday followed a 0.3% increase in […]