5.6K views · 36 reactions | The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a year ago, according to the department’s Bureau of Labor Statistics. | CNBC | Facebook

3.5K views · 26 reactions | Inflation and labor data continue to move into better balance, but the central bank will not cut rates until it has gained greater confidence that inflation is moving “sustainably” toward its 2% target, Fed Chair Powell said. | CNBC | Facebook

The U.S. seemed to be winning its battle against inflation, but the latest consumer price index data showed inflation rose more than expected. Here's how consumer behavior can manifest higher prices and more inflation. More at: cnb.cx/48wuQrG | CNBC