Charting the Global Economy: Inflation Ebbs in US, France, Spain
Pedestrians and shoppers in the Times Square neighborhood of New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Inflation cooled in the US as well as several European countries in recent readings, offering encouraging signs that central banks in the regions can lower interest rates.
The Federal Reserve’s preferred measure of underlying US inflation increased 0.1% in May, the smallest advance in six months. Consumer prices in France — the euro area’s second-largest economy — slowed a bit in June, while inflation retreated in Spain as well.