US CPI has slowed over a wide area, and the composite index has declined - arguments for interest rate cuts are getting stronger
US inflation slowed broadly in June. The deceleration in housing costs was noticeable. It was the strongest signal so far that the US financial authorities could cut interest rates in the near future.
key point
What is the core consumer price index (CPI) excluding food and energy0.1% compared to previous monthASCENSION－
What is the market forecast for a slight increase since August 20210.2% increase,
May rose 0.2% compared to the same month last year rose 3.3%-
Lowest growth in over 3 years, market forecast rise 3.4%It rose 3.4% in May
Overall CPI fell 0.1% from the previous month Market expectations rose 0.1%,
May remained flat, 3% increase compared to the same month last year, expected 3.1% increase, and May rose 3.3%
It has been since the beginning of the novel coronavirus disaster that overall CPI became negative compared to the previous month. The drop in gasoline prices had an effect.
The current statistics are new evidence showing that inflation, which was rekindled from January to March (first quarter), has once again entered a slowing trend. On the other hand, economic activity in generalslowingIt looks like they're doing it. According to the US employment statistics for June announced on the 5th of last week, the unemployment rate has risen for 3 consecutive months. If you think about it in conjunction with the current CPI statistics,It seems that the US monetary policy continues to be on the path towards cutting interest rates by the end of the year.
The number of new unemployment insurance claims last week, which was announced separately on this day, decreased by 17,000 compared to the previous week. It matched the biggest decline in the past year. Meanwhile, although the number of continuous recipients of unemployment insurance declined during the week ending 6/29, it remained near the high level since the end of '21.
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