US CPI Inflation Hits 4.2% in May, Highest in Three Years
Annual US CPI inflation rose to 4.2% in May, the highest in three years, from 3.8% in April, matching market expectations.
DXY
The US Consumer Price Index (CPI) for May came in at 4.2% year-over-year, up from 3.8% in April and reaching a three-year high. The reading was in line with consensus estimates.
This marks the highest inflation level since the current cycle began, though the data matched market forecasts, limiting immediate volatility.
Source: FXStreet Forex News