The May consumer price index rose 2.4% over the same period last year, less than the 2.5% expected by economists polled by FactSet. The COLA calculation is based on a subset of th

The U.S. dollar fell against the yen and euro after data showed underlying inflation in the world's largest economy rose less than expected last month, suggesting the Federal Reserve could cut interest rates sooner than later.

Inflation was tame in May, defying fears that the impact of President Trump’s tariffs would start to show a rise in prices. Consumer prices rose 0.1% in May over the previous month, less than economists anticipated.

Discover May's inflation trends with insights from the Bureau of Labor Statistics. Click for my full review of the CPI data and a look at what it means for markets.

By Lawrence Delevingne and Lawrence White (Reuters) -Wall Street stocks gained and the dollar and U.S. Treasury yields dipped on Wednesday after President Donald Trump said a U.S.-China trade deal was "done" and a fresh report on U.

Stock markets edged higher Wednesday as investors welcomed cooler US inflation data and a China-US agreement aimed at lowering trade tensions. Investors have worried that a tariff-driven surge in inflation could hinder the Federal Reserve from lowering interest rates to counter the slowdown in growth.