US inflation explodes?! The whole market is watching this number tonight

US inflation explodes?! The whole market is watching this number tonight
Author: Zhou Xinyu, the May CPI data of the United States will be released at 8:30 p.m. Beijing time today, and the CPI growth is expected to reach a new high since 2008; Core CPI will reach a 28 year high. The US CPI data for May will be released at 8:30 p.m. Beijing time today. The current disagreement between the market and the Federal Reserve is whether the upward trend of inflation will be temporary or more lasting? And how to balance the two major objectives of the current Fed’s monetary policy between weak employment and hot inflation? If the answer begins to favor the latter, the Fed may be forced to give up the loose policy of keeping interest rates low and increasing liquidity early. In April, CPI in the United States increased by 4.2% year on year, which greatly exceeded market expectations and reached a new high since September 2008. As soon as the data is released, the market’s demand for price increases