A shopper carries shopping bags in San Francisco, California, on June 7.
David Paul Morris/Bloomberg/Getty Images
Inflation cooled in May, new data showed Wednesday, delivering a welcome piece of news just hours before the Federal Reserve is set to make its latest announcement on interest rates.
Consumer prices rose 3.3% from a year earlier, slowing from April’s 3.4% rate, according to the Bureau of Labor Statistics’ latest Consumer Price…
