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%.