US prices slow less than expected, Fed expectations rise

Prices are slowing in the US, but this is a purely statistical effect. As will often happen from today until the end of the year. Inflation as measured by the CPI – a secondary indicator, for monetary policy purposes – was 8.3% in April, from 8.5% in March: on a monthly basis, prices rose by 0, 3%, above the +0.2% that the market had been waiting for. Even for President Joe Biden “inflation is too high, at unacceptable levels”: if it is too early to talk about a peak, it is still …

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