Inflation Holds Steady in May Despite Tariff Pressures, Offering Relief to Policymakers

Consumer price growth remained subdued in May, delivering a welcome surprise for Federal Reserve officials as inflation pressures appear to be cooling more broadly than anticipated. According to the latest Wells Fargo Economics report, headline CPI (Consumer Price Index) increased by just 0.1 percent last month, bringing the year-over-year figure to 2.4 percent—a modest uptick […]