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TechFlow News, June 10: Nick Timiraos, known as the “Fed’s megaphone,” stated that the May core CPI rose 0.21% month-on-month—very close to expectations—pushing the annual core CPI rate up to 2.9%. This marks the first time since December 2022 that the annual core CPI rate has exceeded the year-earlier level. (Jinshi)
Nick Timiraos, the “Fed whisperer”: The core CPI rose 0.21% month-on-month in May, very close to expectations, pushing the annual core CPI rate up to 2.9%. This marks the first time since December 2022 that the annual core CPI rate has exceeded the year-earlier level. (Jinshi)
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