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🔴 The inflation rate of the Consumer Price Index (CPI) in May rose to 2.4%, which is lower than the expectations that indicated 2.5%.

⬅️ The core inflation rate (Core CPI) reached 2.8%, which is also below the expectations that indicated 2.9%.

• For the first time since January 2025, the headline inflation rate has started to rise again.

⚠️ The chances of the Federal Reserve (the US central bank) lowering interest rates next week have dropped to 0%.