Core CPI remains high
It was announced that the core CPI for May was +5.3% compared to the previous year. Although it was insensitive from the previous +5.5%, it is still at a high level from the Fed's target of 2%.
What you should pay particular attention to is that, as attached, the core CPI for May last year was 3.8%, a period where inflation progressed rapidly.
Core inflation has progressed by 5.3% compared to last year, so I think the situation is quite serious.
An article on the resumption of interest rate hikes later this year was published by WSJ's Nick Timiraus earlier, so interest rate hikes are still going on.
This article concludes with this statement from the University of Rochester economist Cocharakota.
“There is definitely a possibility that the policy interest rate will be raised to 7%”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
KOJIKOJI : If you compare it compared to the previous year, the core compared to the previous year will get tougher and tougher from next month. It's right out of my eyes.
181570278 : I think housing inflation will drop after the summer, but is it that serious?