Inflation Eases: May 2024 CPI Report Highlights

Inflation Eases: May 2024 CPI Report Highlights

The latest Consumer Price Index (CPI) report revealed a significant shift in the inflation landscape. For May, the CPI remained flat compared to the previous month, marking a 3.3% increase from a year ago. This slight loosening of inflationary pressures brings some...
US Economy Adds More Jobs in May Than Expected

US Economy Adds More Jobs in May Than Expected

The latest data from the Bureau of Labor Statistics reveals that the US economy added 272,000 nonfarm payroll jobs in May, significantly surpassing the expected 180,000. Despite this positive job growth, the unemployment rate edged up slightly to 4% from 3.9% in...