At 2:00 a.m. on Thursday, the Federal Reserve will announce its latest interest rate decision at its interest rate meeting. Both inflation indicators, CPI and PPI, fell more than expected. It is hoped that Powell can put the brakes on.

Data released by the United States today shows:

The annual PPI rate in May was 1.1%, lower than the expected value of 1.50% and lower than the previous value of 2.30%.

The monthly PPI rate in May was -0.3%, lower than the expected value of -0.10%, and lower than the previous value of 0.20%. (PPI: Producer Price Index)

The annual PPI rate in May was 1.1%, the 11th consecutive decline, hitting a new low since December 2020. Yesterday, the CPI in May was 4%, lower than the previous value of 4.9%, falling for the 11th consecutive time and hitting a new low since March 2021.