U.S. inflation growth likely to remain at 0.4% for 3 consecutive months
Golden Ten Data reported on May 15 that analyst Chris Anstey said that everything in the market currently revolves around inflation, so there is no doubt that the focus on US CPI data will exceed the monthly retail sales rate. The overall monthly CPI rate is likely to record 0.4%, which is the third consecutive month of maintaining this growth rate. It is also the longest continuous growth rate of more than 0.4% since the late spring of 2022. Such a disappointing performance may help explain why consumer confidence fell last month to its lowest level since July 2022. Despite strong job and wage growth, concerns about the cost of living remain. (Jinshi Data APP)
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