WASHINGTON (Reuters) -U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods and potentially raising underlying inflation pressures. The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in...

(Corrects to remove extraneous word in first paragraph) By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures. The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the...

(Reuters) -Cooler-than-expected inflation last month deepened conviction in financial markets Wednesday that the Federal Reserve will start cutting interest-rate cuts by September rather than waiting longer. After a government report showed the core consumer price index - a measure of underlying inflation - rose just 0.1% in May after a 0.2% rise in April, traders of short-term interest-rate futures priced...

WASHINGTON (Reuters) -U.S. consumer prices increased marginally in May amid cheaper gasoline, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs. The Consumer Price Index (CPI) increased 0.1% last month after rising 0.2% in April, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday. In the 12 months...