According to press reports, U.S. inflation shows signs of cooling.

However, it is not sufficient for Federal Reserve policymakers to move from their half-point interest rate hikes planned for upcoming meetings in June and, July but it may prompt a shift to smaller rate hikes come September if the trend continues.

A U.S. Commerce Department report at the end of the week showed the personal consumption expenditures (PCE) price index rose 6.3 percent in April from a year earlier.

That is still more than three times the Fed’s two percent target.

While prices are still rising, the pace of the rise has slowed versus the previous month. 

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Readers Bureau, Contributor

Edited by Jesus Chan

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