US inflation at lowest since 2021 as fuel prices fall
Falling prices for eggs, petrol and furniture helped to cut inflation in the US to 4% in May. …
“Today’s… number was a relief for the market, as the data met expectations, confirmed the dis-inflationary trend, and re-affirmed current market pricing of a Fed pause tomorrow,” she said. “However, the rate of dis-inflation remains incompatible with the Fed’s 2% target.”
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