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The economic vibes are improving, with consumers' inflation expectations falling last month for the first time in 2025. On Wednesday, CPI was also cool.
US stocks end mostly higher after aUS official says he expects a "handshake" with China in trade talks. But inflation data are still due this week.
The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.
Similarly, inflation in the housing segment inched up to 3.2% in May from 3.1% in April. Inflation in the clothing and footwear category remained exactly the same in May as it was in April, at 2.67%.
Rule No. 1 of inflation reports is never to read too much into one report, but there have now been several months of fairly low inflation, so it seems safe to call it: The Fed did its job.
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