{"id":103025,"date":"2024-06-28T17:05:29","date_gmt":"2024-06-28T13:05:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=103025"},"modified":"2024-06-28T17:05:32","modified_gmt":"2024-06-28T13:05:32","slug":"may-inflation-cools-raising-hopes-for-fed-rate-cuts","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/may-inflation-cools-raising-hopes-for-fed-rate-cuts\/06\/28\/market-updates\/","title":{"rendered":"May Inflation Cools, Raising Hopes for Fed Rate Cuts"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. inflation eased in May, matching economists&#8217; expectations and potentially bolstering the case for the Federal Reserve to implement interest rate cuts in 2024. The headline personal consumption expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, remained flat month-over-month, a significant slowdown from April&#8217;s 0.3% increase. The annual rate also cooled to 2.6% from 2.7%.<\/p>\n\n\n\n<p>Core PCE, which excludes volatile food and energy prices, also eased to 0.1% month-on-month and 2.6% year-on-year. This deceleration in both headline and core inflation aligns with the Fed&#8217;s target of 2% annual inflation and could pave the way for the central bank to ease monetary policy in the coming months.<\/p>\n\n\n\n<p>The news of cooling inflation comes amid signs of a slowing U.S. economy, further supporting the argument for potential interest rate cuts. Investors will closely monitor future economic data and the Fed&#8217;s communications for further clues on the timing and magnitude of any potential rate adjustments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. inflation eased in May, matching economists&#8217; expectations and potentially bolstering the case for the Federal Reserve to implement interest rate cuts in 2024. The headline personal consumption expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, remained flat month-over-month, a significant slowdown from April&#8217;s 0.3% increase. The annual rate also cooled to 2.6% from &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6987,7070,9475],"class_list":["post-103025","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-inflation","tag-jobless-claims","tag-q1"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=103025"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103025\/revisions"}],"predecessor-version":[{"id":103026,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103025\/revisions\/103026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31526"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=103025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=103025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=103025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}