Italy cushions windfall tax blow China deflation to spark stimulus efforts US five-year inflation breakeven nears peak set in April 2022 Yesterday, the
Wednesday's inflation report expected to show CPI m/m: 0.3%e v 0.1% prior; y/y: 3.1%e v 4.0% prior; Core CPI m/m: 0.3%e v 0.4% prior; Core CPI y/y: :5.0%e v
Income, spending and inflation remain too high for the Federal Reserve to ignore, says ING Research, which expects another 25 bps rate hike when the US central bank meets on June 13 and 14