U.S. inflation accelerated again in May, complicating expectations for near-term Federal Reserve rate cuts and putting crypto markets back in focus as traders reassess the macro outlook for Bitcoin and other risk assets. According to the latest Consumer Price Index [CPI] report released Wednesday by the Bureau of Labor Statistics, headline inflation rose 0.5% month-over-month in May after increasing 0.6% in April. Annual inflation climbed to 4.2%, up from 3.8% the previous month.