US inflation rate shot up to 4.2% in May, hitting a three-year high, while core inflation only rose by 0.2%, below the expected 0.3%, indicating that the oil shock is currently under control.
Overall, it looks like a Fed rate cut is off the table.
Looking forward to the press conference next Thursday with the new Fed Chair, Waller, as he faces multiple inflation shocks from tariffs, energy costs, and investments in artificial intelligence. Can't wait to hear his take!
Overall, it looks like a Fed rate cut is off the table.
Looking forward to the press conference next Thursday with the new Fed Chair, Waller, as he faces multiple inflation shocks from tariffs, energy costs, and investments in artificial intelligence. Can't wait to hear his take!