US Fed's inflation measure cools slightly

By Agence France-Presse

Jun 30, 2024 12:11 am

WASHINGTON, D.C. — The US Federal Reserve's (Fed) favored measure of inflation eased slightly in May, according to government data published on Friday, as goods prices cooled.

The data provide the US central bank with further evidence that its fight against inflation is back on track after a small uptick in the annual inflation rate in the first quarter of the year.

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