US inflation cooled significantly in May — but it’s still not where the Fed wants it

US inflation is coming back down to Earth: Consumer prices in May rose at the slowest annual pace since March 2021, according to fresh data released Tuesday by the Bureau of Labor Statistics.

​CNN.com – RSS Channel US inflation is coming back down to Earth: Consumer prices in May rose at the slowest annual pace since March 2021, according to fresh data released Tuesday by the Bureau of Labor Statistics. 

Read More US inflation is coming back down to Earth: Consumer prices in May rose at the slowest annual pace since March 2021, according to fresh data released Tuesday by the Bureau of Labor Statistics. 

 

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