Here are the latest news on U.S. inflation:

- In May, inflation was below expectations

- Annual U.S. CPI inflation slowed to 3.6% in April

- The core US inflation was up 0.2% monthly and 3.4% from the previous year

- The U.S. Federal Reserve has not raised or cut interest rates since July 2023

- The Federal Reserve is attempting to navigate a balancing act of maintaining aggressively high interest rates to bring down inflation without tipping the U.S. economy into recession

- U.S. inflation cools in May, boosting hopes of Fed rate cut

- Jobs and inflation data may break the U.S. Treasury market out of a narrow range

- The U.S. dollar fell against the yen after data showed inflation in the world's largest economy cooled down last month

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