Americans' anxiety about the future path of inflation eased in May, as they also grew more upbeat about the state of their personal finances, according to a report released on Monday by the New York Federal Reserve.

US consumer prices rose less than expected in May, easing inflation concerns and triggering renewed calls from Trump and Vice President JD Vance for the Federal Reserve to slash interest rates.

Bitcoin rally potential strengthens as inflation cools and trade tensions ease, with economic factors favoring cryptocurrency growth.

Economists polled by Reuters are forecasting a 2.5 per cent annual rise in consumer prices when the numbers are released on Wednesday, up from 2.3 per cent a month earlier. Core inflation, which strips out volatile food and energy prices, is also expected to show an acceleration to 2.9 per cent last month, from 2.8 per cent in April.

US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet market reactions stayed cautious. Despite Trumps claim of a 55% China tariff,

Gold prices edged higher on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.

European stocks fell after better-than-expected US inflation data failed to assuage investors’ worries over the impact of the Trump administration’s trade war on the world’s biggest economy.

GOLD prices rose on Thursday, as rising Middle East tensions boosted demand for safe-haven assets, while softer-than-expected US inflation data raised expectations of potential interest rate cuts by the Federal Reserve.