U.S. core inflation cools, bolstering case for Fed rate cut

THE UNITED STATES consumer price index increased 1.8% year over year in May. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
THE UNITED STATES consumer price index increased 1.8% year over year in May. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK – A closely-watched measure of United States inflation trailed forecasts in May as prices fell for used vehicles, reinforcing the case for the Federal Reserve to cut interest rates amid headwinds including trade and global growth. The so-called core consumer price index, which removes energy and food costs, rose 2% from a year…

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