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šŸ”“ The Consumer Price Index (CPI) inflation rate rose to 2.4% in May, below expectations of 2.5%.

ā¬…ļø The core CPI rate reached 2.8%, also below expectations of 2.9%.

ā€¢ For the first time since January 2025, the headline inflation rate has risen again.

āš ļø The probability of the Federal Reserve (the US central bank) cutting interest rates next week has fallen to 0%.