【CBRE】Economic Watch: Fed Signals One Rate Cut This Year; Inflation Cools in May

The Consumer Price Index increased by 3.3% year-over-year in May, slightly less than consensus expectations of 3.4%. Core inflation, which excludes volatile food and energy prices, rose by 3.4% vs. expectations of 3.5%, making it the smallest year-over-year increase since 2021.

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