US inflation has fallen more sharply than expected to a two-year low, boosting hopes that the Federal Reserve will pause its monetary tightening after 10 hikes on the trot.
Inflation was running at 4 per cent in the year to the end of May, slightly under the 4.1 per cent expected, and down from 4.9 per cent in March.
The big question gripping financial markets is whether the inflationary slowdown will give the Fed confidence to leave interest rates unchanged when it meets tomorrow.
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This attack is one that Tehran was reluctant to conduct.
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