Consumer Price Index (May 2024)

May brought cooler than expected consumer inflation, due in large part to easing motor vehicle insurance costs. This follows better than expected readings in April as the annual Headline and Core readings both took important steps lower. How will the Fed see this progress as it ponders monetary policy and rate cuts this year? #cpi #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow