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US May CPI: Tariffs Not Yet Enough to Upset the Inflation Cart
From wellsfargo.bluematrix.com
Today's CPI report is unambiguously good news for the FOMC. Headline CPI increased 0.1% in May and 2.4% over the past year, still comfortably below the 3.5%-4.0% nominal wage growth the average worker has seen over the past year. Core CPI also rose just 0.1% in May, below consensus expectations and led lower by softer-than-anticipated readings for both core goods and core services prices. The 1.7% annualized increase in the core CPI over the past three months matches the slowest pace of three-month core inflation that has occurred since price growth shot above 2% in early 2021. That said, we believe it is too early ... (full story)
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- Jun 11, 2025 8:10pm Posted byFundamental Analysis5,712
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