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US consumer prices hardly increased in May. Economists at Commerzbank analyze how the figures could influence the Fed decision due out tomorrow.
At first glance, US inflation is easing significantly. In May, consumer prices rose by only 0.1% month-on-month and 4.0% year-on-year, some five percentage points below the high. But underlying price pressures remain persistent, as evidenced by the core rate remaining high at 5.3%.
While the Fed is unlikely to raise interest rates further tomorrow, it will not cut rates in 2023
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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