US Inflation Rates Fall Below Market Expectations
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In May 2023, US consumer price inflation lowered to 4%, marking a decrease compared to March 2021. This decrease in inflation is slightly lower than what the market had anticipated at 4.1%, due to decreased energy prices. Additionally, the core inflation rate, which excludes unstable commodities like food and energy, decreased to 5.3%. This marks the lowest core inflation rate since November 2021 and points towards a potential pause by the Fed in its next meeting. [/s2If]
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