Fed’s Favorite Inflation Measure Falls to Just 1.4{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62} in May

Core inflation softens to just 1.4{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62} growth, down from a 1.8{c97747fc6669eeabccae72a612b98144a9761deaf7841779826c1625931c3d62} rate in January and February.