JUN 10. Deja vu of May, more pressure to raise the rate faster…

US CPI numbers were reported and it was shocking, 8.6% on a yearly basis. That’s the highest inflation rate in 41 years.

Strong gas and food price were the main factors of this new record inflation rate. On a monthly basis, CPI surged 1% in May.

This CPI number supplies a good excuse for FED to raise the rate more at their next

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