Despite the hawkish nature of the Federal Reserve's interest rate meeting in June, it fell short of the inflation data released a few hours before the meeting - the US May CPI fell from 3.4% to 3.3% (only 0 month on month), and the core CPI fell from 3.6% to 3.4%, both lower than expected. The monthly rate of the super core CPI showed negative growth for the first time in two years.