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Inflation eases slightly as Fed leaves interest rates unchanged

Name: Inflation eases slightly as Fed leaves interest rates unchanged
Uploaded: 2024-06-12T18:08:00-0400
Duration: 5 min 24 s
Description: The Federal Reserve left interest rates unchanged Wednesday after the government announced consumer prices in May rose 3.3% year over year. The central bank has been hesitant to cut rates due to inflation. Ben Casselman, economy reporter for The New York Times, joins CBS News to unpack the data.

The Federal Reserve left interest rates unchanged Wednesday after the government announced consumer prices in May rose 3.3% year over year. The central bank has been hesitant to cut rates due to inflation. Ben Casselman, economy reporter for The New York Times, joins CBS News to unpack the data.