Urgent: Important US Economic Data Released..
Expectations of a Sharp Acceleration in Inflation
Business activity in the US improved in May, driven by a truce in the trade war between Washington and Beijing. However, the broad tariffs imposed by President Donald Trump on imported goods have raised prices for both companies and consumers alike.
A study released by "S&P Global" on Thursday indicated a potential acceleration in inflation (2) in the coming months and a slowdown in the labor market, serving as a reminder that the risk of stagflation remains despite the Trump administration's efforts to ease trade tensions with China. 🇨🇳
