Key Points
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May CPI inflation rises to 2.4%, below expectations of 2.5%.
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Core CPI inflation was 2.8%, below expectations of 2.9%.
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For the first time since January 2025, headline CPI inflation is back on the rise.
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Odds of the Fed cutting rates next week are down to 0%.
- 4th straight month of inflation coming under expectations
Good CPI + US-China trade deal looks bullish?