Breaking News: US CPI Inflation Rises To 2.4% In May Vs. 2.5% Expected
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), rose to 2.4% on an annualized basis in May from 2.3% in April, the US Bureau of Labor Statistics (BLS) reported on Wednesday.
The Consumer Price Index (CPI) data for May is expected to highlight a pickup in inflation in the United States (US). Investors will scrutinize the details of the report to see if US President Donald Trump’s new tariff regime increases price pressures, which could have significant implications for the Federal Reserve’s (Fed) policy outlook.
The US Bureau of Labor Statistics will publish the CPI data for May on Wednesday at 12:30 GMT. The immediate market reaction could drive the US Dollar (USD) valuation. (alg)
Source: FXstreet