Gulf Stocks Took Their Cue From US Inflation And Oil Risk - Finimize

Inflation Rate Rises To Over 4%, Posing Challenge For Fed  Forbes

Hottest inflation in over a year kills any hope of a rate cut next week  mpamag.com

Rate hikes are back on the table amid rising prices, Fed officials say—here's what it means for your money  CNBC

Fed Faces Tough Dilemma as Inflation Surges to 4.2%  Realtor.com

Ukraine Hits Over Half A Dozen Energy & Industrial Sites Deep Inside Russia Overnight Ukraine has hit Russia in another sweeping wave of overnight aerial attacks, especially targeting industrial facilities and energy infrastructure across multiple regions, and the extent of damage is yet to be disclosed. One of the key targets was reportedly the VNIIR-Progress plant, located in the republic of Chuvashia, which is alleged by Ukraine and the West to manufactures components for Russian drones and bombs. Other nearby infrastructure was also attacked. via Telegram Ukraine has for months been making clear that it is going gloves off when it comes to attacking Russia's energy and military sites, as well as dual use military-industrial factories. Ukraine used its domestic-made Flamingo cruise missile: Ukrainian forces have carried out a missile attack deep inside Russia, hitting a major military plant overnight, President Volodymyr Zelensky ha

US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products  CNA