2% target
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Regulators and traders were trying to gauge the impact of a ransomware attack on the Industrial and Commercial Bank of China.
Oil prices plummet over 4% due to demand concerns and a strong dollar.