【CNBC】Inflation rose at a 4% annual rate in May, the lowest in 2 years

• The consumer price index increased just 0.1% for the month and 4% from a year ago, the latter being the lowest level in about two years.
• Excluding food and energy, core CPI rose 0.4% and 5.3%, respectively.
• All the numbers were in line with consensus estimates.
• Following the release, markets priced in a nearly 100% chance that the Federal Reserve will not raise interest rates this week.

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