The US Department of Labor announced that the Consumer Price Index (CPI) for May 2025 increased by 3.2% year-on-year, slightly below the 3.3% analysts had expected, a positive sign that could pave the way for the US Federal Reserve (Fed) to consider cutting interest rates sooner. The decline in energy and food prices played a major role in the slowdown in inflation this time. However, the Fed is still closely monitoring the situation before making any policy decisions.
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