The U.S. inflation data for May showed a milder sign than expected, bringing positive signals to risk assets.
U.S. inflation data for May showed a milder sign than expected, bringing positive signals to risk assets.
Specifically, the unseasonally adjusted Consumer Price Index (CPI) recorded an annual rate of 2.4%, lower than the market’s general expectation of 2.5%; the monthly rate was only 0.1%, also lower than the expected 0.2%.
Core inflation data (excluding volatile food and energy prices) showed a similar slowdown trend: the annual rate was 2.8%, lower than the
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