Will the US inflation data disturb the market?
Will the US inflation data disturb the market?
Following the lower-than-expected employment growth in the US in May, US government bonds rose on Friday. But an important report on consumer price inflation will provide investors with a new test.
Consumer price increase the fastest speed For more than 10 years in the 12 months ending in April, analysts expect it to recover even more since then, sparking concerns about the overheating of the economy.
Economists surveyed by Bloomberg expect that data released by the Labor Department on Thursday show that the year-on-year inflation rate in May will jump from 4.2% in April to 4.7%.
Home How will the Federal Reserve respond to surging US inflation?
How will the Federal Reserve respond to surging US inflation?
Market Questions is the FT’s guide to the week ahead
World Economy News
16 May 2021 • 4 min read
The Fed is under renewed pressure to tighten its ultra-loose monetary policy after data last week showed US consumer prices rose at their fastest pace since 2008 in the 12 months to April, exceeding economists’ expectations.
The inflation jump came ahead of the release of minutes of the central bank’s most recent meeting, out on Wednesday, that will give investors greater detail on the Fed’s plans to guide the nation’s economic recovery from the pandemic.
How will the Fed respond to the surge in US inflation?
How will the Fed respond to the surge in US inflation?
After the release of the data last week, the Fed is facing new pressure to tighten and ultra-loose monetary policy. display In the 12 months to April, US consumer prices rose at the fastest rate since 2008, exceeding economists’ expectations.
Prior to the release of the minutes of the latest central bank meeting on Wednesday, inflation soared, which will provide investors with more detailed information about the Fed’s plan to guide the country’s recovery from the pandemic.
Chairman Jay Powell (Jay Powell) Reiterate After the policymakers’ meeting in late April, the Fed is still “a long way from withdrawing any monetary support.” In addition, he and other committee members have made it clear that they will allow inflation to temporarily exceed the central bank’s long-term target of 2%.
Empresas de EEUU planifican aumentos de precios ante creciente presión inflacionaria eltiempolatino.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eltiempolatino.com Daily Mail and Mail on Sunday newspapers.