May CPI rose 3.3% over the last 12 months vs the expected 3.4% with inflation cooling off.

Posted: Jun 12, 2024

- April CPI rose 3.3% over the last 12 months vs expected 3.4% - Consumer prices remained unchanged over the prior month, a deceleration from April - Energy prices fell due to a decline in gas prices, relief for consumers - Core CPI is 3.4% vs expected 3.5%, significant slowdown - Interest rate hikes could benefit the economy - Inflation reduction could lower loan default rates - CPI report, interest rates, house prices, wages, job openings, international conflicts all impact the market - Fed chair Jerome Powell more likely to cut rates as inflation decreases - CPI report details: [https://www.bls.gov/cpi/](https://www.bls.gov/cpi/) - The article discusses the current state of the stock markets - Key companies mentioned include Apple ($AAPL) and Nvidia ($NVDA) - The overall tone of the article suggests uncertainty in the markets - Investors should be cautious in their decision-making - The article encourages diversification in investment portfolios.





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