The US inflation eases a bit because of poor consumption but it is still above the Fed's target of 2%.
The more worrying signal is that the GDP growth estimate has dived into a recession zone (negative growth).
https://sg-stock.blogspot.com/2025/05/us-q1-2025-gdp-update.html
With inflation still above the Fed's target and GDP growth in negative zone, the next shoe to drop will be an increase in unemployment. When all these are in an alignment, the US will be officially in a stagflation phase.
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