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BSCN·2026-05-01 08:04
US INFLATION HITS ITS HIGHEST LEVEL SINCE MAY 2023U.S. inflation has climbed to 3.5% annually, marking its highest level since May, 2023.The rise was driven largely by higher gasoline prices amid ongoing geopolitical tensions. Monthly PCE inflation jumped 0.7%, the biggest increase since mid 2022.Markets are now adjusting expectations around future Federal Reserve policy. Rate cuts may be delayed as inflation pressures remain persistent. ...