[US CPI inflation in May falls short of expectations across the board] Data released by the US Department of Labor showed that the impact of Trump's across-the-board tariff hikes had not yet fully materialized, with US CPI inflation in May falling short of expectations across the board. The data indicated that the year-on-year rate of unadjusted CPI in the US in May was 2.4%, lower than the market expectation of 2.5%. The month-on-month rate of seasonally adjusted CPI in May was 0.1%, lower than the expected 0.2% and the previous value of 0.2%. Trump called on the US Fed to cut interest rates by 100 basis points.