U.S. inflation eased in May, signaling that an early-year price uptick has passed

5 months ago 2

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U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.

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3. U.S. inflation eased in May, signaling that an early-year price uptick has passed