New economic data has reignited Trump's fight with the Fed over cutting interest rates
1. May's CPI report shows 2.4% inflation, below expectations. 2. Trump's administration pushes the Fed to cut interest rates again. 3. Consumer sentiment improves, indicating decreased anxiety about inflation. 4. CME FedWatch shows nearly 100% probability of unchanged interest rates. 5. Tariffs are not significantly impacting inflation according to May's data.