US inflation slows to lowest level in 2 years
10/05/2023
Argaam
A shopping cart
The US annual inflation recorded a lower-than-expected decline signaling an imminent end to interest rate hikes by the Federal Reserve.
The consumer price index (CPI) rose 4.9.% from a year ago, the labor department reported today, May 10.
That was down from 5% in March.
Core prices, which exclude volatile food and energy items and capture longer-lasting trends, declined from 5.6% in March on an annual basis to 5.5%.
Since March 2022, the US central bank has lifted interest rates 10 times to a range of 5-5.25% to curb inflation, which pushed borrowing costs to their highest level in nearly 16 years.
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}