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flag US inflation ticked up to 2.4% in May, with core prices at 2.8%, staying above the Fed's target.

flag US inflation rose slightly to 2.4% year-over-year in May, driven by higher grocery and imported goods prices, but offset by cheaper gas, travel services, and rents. flag Core prices, excluding food and energy, increased 2.8% for the third consecutive month. flag Despite tariffs, overall price hikes have been muted, though some companies plan to raise prices soon. flag The Federal Reserve is unlikely to cut interest rates with inflation above its 2% target.

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