Bloomberg Television
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CPI Cools Off, Stocks go higher
Posted
May 15, 2024
Views
2,055
Likes
23
Comments
5
Engagement
1.36%
May 15, 2024
2,055
23
5
1.36%
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0:46Now PlayingA measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
The so-called core consumer price index — which excludes food and energy costs — climbed 0.3% from March, snapping a streak of three above-forecast readings which spurred concern that inflation was becoming entrenched. The year-over-year measure cooled to the slowest pace in three years, Bureau of Labor Statistics figures showed. Experts react on Bloomberg TV.
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