US inflation unexpectedly lower than expected, May overall CPI year-on-year increase of 2.4%

On June 11, despite President Trump's trade war intensifying price pressures, the US May seasonally adjusted CPI annual rate rose to 2.4%, up from 2.3% in April, but below analysts' forecast of 2.5%. As the impact of tariffs announced by Trump in April is passed on to consumers and businesses in the world's largest economy, inflation is expected to rise further in the coming months. The Federal Reserve is expected to maintain borrowing costs between 4.25% and 4.5% at its meeting next week, as inflation is expected to rise further. Trump has pressured Federal Reserve Chairman Powell to follow the footsteps of the European Central Bank and the Bank of England by cutting borrowing costs this year, pushing for a full percentage point rate cut, calling Powell a "disaster". The Fed's favored inflation measure, the PCE inflation, fell to 2.1% in April, but is also expected to rise in the coming months. #币安Alpha上新