Inflation creeps higher in May and dims chances of the Fed cutting interest rates soon
The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for the Federal Reserve to cut interest rates soon against the backdrop of ongoing trade wars.
The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for the Federal Reserve to cut interest rates soon against the backdrop of ongoing trade wars.
