The Bureau of Labor Statistics has released the US inflation numbers for May 2025. The annual inflation rate in the US accelerated for the first time in four months to 2.4% in May 2025 from 2.3% in April, but was below forecasts of 2.5%.

Live News on Inflation, Consumer Price Index

The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.

Global equity funds attracted net inflows for the first time in four weeks in the week through June 11, driven by a benign U.S. inflation report and developments on a U.S.-China trade deal, though simmering Middle East tension tempered investor interest.

The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

May's inflation number is positive for the White House, Wall Street, and Jerome Powell, with the Fed's tone potentially softening next week due to peak hawkishness.

The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.

The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions, but barely. Click to read.

Bitcoin (BTC) price edges slightly down on Wednesday, remaining limited below its all-time high of $111,980. The risk-on sentiment remains strong as the US-China trade agreement eases tensions and the market looks ahead to the US Consumer Price Index (CPI) release on Wednesday.

U.S. stock index futures turned positive on Wednesday as a cooler-than-expected consumer inflation report calmed worries around President Donald Trump's tariffs worsening price pressures. A Labor Department report showed the Consumer Price Index (CPI) rose 0.