Markets US May CPI inflation printed near consensus. Headline CPI rose by 0.5% M/M with the annual figure breaching the 4% mark for the first time since April 2023 (4.2% from 3.8%). Core inflation increased by 0.2% M/M (vs 0.3% consensus) while picking up from 2.8% Y/Y to 2.9% (highest since September of last year). […]
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