May CPI report shows inflation easing despite tariff pressures

May's Consumer Price Index (CPI) saw inflation rise by 0.1% month-over-month — below economists' forecasts of 0.2% — and 2.4% annually, coming in line with year-over-year estimates. Core CPI — which excludes food and energy prices — also saw its inflation readings cool in May, rising only 0.1% monthly (vs. 0.3% forecasts) and 2.8% annually (vs. 2.9% forecasts). Morning Brief anchors Brad Smith and Madison Mills dive into the breaking report on consumer prices. New Century Advisors chief economist Claudia Sa ...