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U.S. stocks slipped after May's consumer price index was released. Investors continue to assess the influence of inflation on the Fed's monetary tightening path.
The key inflation reading was 8.6%, higher than March's 8.5% and April's 8.3%. The number indicated that inflation did not reach its peak and is still at a high level in U.S. history. It measures price change for goods and services paid by U.S. consumers.
Will inflation remain high in...