General World News

Inflation cools slightly ahead of Fed meeting

The Federal Reserve has some positive news about inflation as it heads into its June meeting on Wednesday afternoon. The Consumer Price Index cooled slightly in May, with the all items index posting a 3.3% annual increase before seasonal adjustment, according to data released Wednesday by the Bureau of Labor Statistics (BLS).

This is down from a 3.4% annual increase in April. On a month-over-month basis, the all items index remained flat, marking the first month with no monthly increase since details ⇒

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