US inflation meets expectations, Fed holds rates

US inflation data for May aligned with economists' expectations, showing a 0.2% monthly increase and a 4.2% year-over-year rise. This outcome reinforces the Federal Reserve's likely decision to maintain current interest rates at its upcoming meeting, though a quarter-point hike by year-end remains a possibility. Core inflation also held steady, excluding volatile food and energy prices. While Bitcoin saw a minor fluctuation, its price remained under pressure, trading around $61,700. Stock futures dipped, and Treasury yields edged higher, reflecting the market's anticipation of a sustained higher interest rate environment.