From Investing.com: 2024-05-10 17:22:06

Inflation has been higher than expected for the past three months, but upcoming data may bring it back on track. The consumer price index report expected on May 15 is predicted to show a decrease in the rate of inflation to 3.6% from 3.8% last year. Factors such as lower car insurance and rents, as well as slower healthcare costs, are likely to drive this decline. Despite recent inflation surprises, the trend is expected to continue downwards in the coming months, giving the Federal Reserve confidence to consider rate cuts. However, some Fed members remain cautious, with differing opinions on the timing of rate cuts.



Read more at Investing.com: Inflation data next week could mark the start of the end of upside surprises: MS By Investing.com