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🔴 [Quick Facts]:

1. US tariff revenues hit a record high in May, helping narrow the monthly deficit.

2. Iran's defense minister says all US military bases in the Middle East are within his range.

3. Besant expects the US budget deficit for fiscal year 2025 to approach 7%.

4. Trump will send letters to trading partners over the next two weeks to set unilateral tariff rates.

5. Israel issues a new response to the draft Gaza ceasefire.

6. US Treasury Secretary Besant expresses willingness to extend the tariff suspension.

7. US CPI "surprises" are trending downward, but probably not enough to influence the Fed's decision-making process.

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