May's Consumer Price Index (CPI) saw inflation rise by 0.1% month-over-month — below economists' forecasts of 0.2% — and 2.4% annually, coming in line with year-over-year estimates. Core CPI — which excludes food and energy prices — also saw its inflation readings cool in May, rising only 0.1% monthly (vs. 0.3% forecasts) and 2.8% annually (vs. 2.9% forecasts). Morning Brief anchors Brad Smith and Madison Mills dive into the breaking report on consumer prices. New Century Advisors chief economist Claudia Sahm and RSM chief economist Joe Brusuelas join Morning Brief with Madison Mills and Brad Smith to examine the economic data and the market's reaction. Sahm also served as a Federal Reserve Board economist and is the creator of the central bank's Sahm Rule recession indicator. Inflation rose by 0.1% month-over-month (below estimates of 0.2%) and 2.4% year-over-year (in line with estimates) in the month of May, according to the latest Consumer Price Index (CPI) report released Wednesday morning. Core CPI — which excludes food and energy prices — also saw its prices ease, rising only 0.1% monthly (vs. 0.3% forecasts) and 2.8% annually (vs. 2.9% forecasts). Schwab Center for Financial Research Fixed Income Strategist Collin Martin joins the Morning Brief team in assessing the inflation print and the bond market's reaction (^TYX, ^TNX, ^FVX) to the economic narratives. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. #youtube #inflation #interestrates About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance