Inflation Us May 2024 Inflation. The main findings from the may 2024 survey are: “the fight against inflation is not yet over, but the worsening trend observed in the first quarter of 2024 may have ended.” fed chair jerome powell had responded to the high.

Inflation fell rapidly last year, giving rise to hopes that the fed was on the verge of succeeding in its effort to rein in price increases without causing a recession, and that the. Just hours before the release of the federal reserve’s latest rate decision, fresh inflation data showed that price increases slowed notably in may.