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.
Categories: 2% targetbasis pointsbenchmark overnight interest rateBureau of Economic AnalysisBusinessCentral BankclothingCommerce DepartmentConsumer spendingcost of servicescurrenciesDollardomestic demanddurable household equipmentECONOMYenergy goodsFed rate cutFederal Reservefinancial marketsfinancial servicesfootwearfurnishingsGasolinegoods priceshawkish outlookHEALTHCAREHOUSINGinflationINGInsuranceinterest ratesJames KnightleyMayPCEpersonal consumption expenditurespolicymakersprice indexrate hikesRECESSIONrecreational goodsSeptemberSeptember rate cutservicessoft landingTodays HeadlinesTradersU.S. monthly inflationU.S. stocksU.S. Treasury pricesunemploymentutilitiesvehicles