Market Insight: Inflation data may open path for Fed cuts | REUTERS

US prices were unchanged in May as consumer spending rose moderately. Meanwhile, the flat reading in the personal consumption expenditures price index last month followed an unrevised 0.3% gain in April. Gregory Daco, Chief Economist at EY-Parthenon, analyzes whether the trend could draw the Federal Reserve closer to starting to cut interest rates this year.
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