US inflation rose less than expected to 2.4% in May
Trade war fuels price pressures ahead of Federal Reserve meeting next week
Economic news
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U.S. inflation rises 0.1% in May from prior month, less than expected
The consumer price index was expected to rise 0.2% in May, with a 12-month inflation rate of 2.4%.
Gold overtook euro as global reserve asset in 2024, ECB says
Bullion second only to US dollar after record central bank purchases
Gold overtakes euro as global reserve asset, ECB says
Bullion second only to US dollar in 2024 after record central bank purchases
Zara owner suffers slowdown from trade war and strong euro
Spain’s Inditex has disappointed investors in recent quarters