May inflation slows to 4 percent lowest since 2021
U.S. inflation eased in May with the CPI and core CPI decelerating. The 4 percent year over year rate marked the lowest since March 2021, fueling expectations the Fed will hold rates steady this week. Housing, gas, and services shaped the monthly picture while markets priced in a pause pending July data.
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Multi Asset Solutions
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National Federation of Independent Business
Amazon Cloud Outage Hits Websites Worldwide
The Associated Press reports Amazon Web Services faced an outage tied to AWS Lambda causing authentication and connectivity issues across multiple services. By late afternoon many services were fully recovered, though some sites including news outlets faced site access problems during breaking news.
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