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US Inflation Stays Flat at 3.3% in May, Matching Expectations

Dollar Inflation

The Federal Reserve is closely monitoring inflation data as it makes decisions about interest rates.

US inflation data for May has been released, and it shows that prices remain relatively stable. The Consumer Price Index (CPI) was flat on a monthly basis, coming in at 3.3% year-over-year. This is in line with expectations, and it marks the second consecutive month that inflation has been at this level.

The core CPI, which excludes food and energy, rose 0.3% month-over-month. This is slightly higher than the 0.2% increase that was expected. However, it is still below the 0.4% peak that the core CPI reached in March.

The Federal Reserve is closely monitoring inflation data as it makes decisions about interest rates. The central bank has been raising rates in an effort to combat inflation, and it is likely to continue doing so if inflation remains elevated.

Overall, the latest inflation data is mixed. On the one hand, it is encouraging that inflation is not rising any further. On the other hand, the core CPI is still above the Fed’s 2% target. It remains to be seen whether inflation will continue to moderate in the coming months.

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