*Daily Snapshot | US Inflation Slows, But Energy’s Heating Up Ahead of Fed Meeting* Good morning, Oil prices are on the spotlight, with US-Iran tensions overshadowing US consumer prices which rose less than expected. The May CPI report showed underlying price pressures increased 0.1% last month as cheaper gasoline partially offset higher goods prices. Meanwhile, both Brent and WTI oil indices surged more than 4% yesterday, reaching their highest levels since early April. This complicates things for the Fed, which meets next Wednesday. While the disinflation trend gives policymakers room to stay patient, renewed energy price pressures and the impact of tariffs yet to be felt, could reignite inflation risks making them more cautious about implementing rate cuts too soon.