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US inflation spikes to multi-year highs in May; consumer sentiment edges up but remains low.

Market News
15 Jun 2026
ETF Trends
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Bearish
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In May 2026, US inflation surged with the Consumer Price Index hitting a three-year high of 4.2%, driven mainly by rising energy costs. Wholesale inflation also accelerated, with the Producer Price Index reaching 6.5%, signaling persistent price pressures. Despite this, consumer sentiment improved slightly in June, rising 9% to 48.4, though it remains near historic lows due to ongoing inflation concerns. The Federal Reserve is expected to hold interest rates steady this week amid these mixed economic signals.

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