According to labor statistics data in USA, the core CPI excluding food and energy costs rose by 0.1% MoM in May, the smallest increase since August 2021. The YoY increase was 3.3%, also the lowest level in more than three years. Economists believe that the core CPI can better reflect the potential inflation level than the overall CPI. Affected by the decline in gasoline prices, the overall CPI decreased by 0.1% MoM, the first time since the outbreak of the epidemic, and increased by 3% YoY. Analysis shows that USA's inflation cooled down comprehensively in June, which will further boost the confidence of Fed officials that they can cut interest rates quickly.
美国通胀全面降温 增强美联储降息理由
USA's inflation cools down overall, enhancing the reason for the Fed to cut interest rates.
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