Has US inflation peaked? | Financial Times - BitcoinEthereumNews.com
KabuhayanPumatak na ba ang US inflation？ | Financial Times06 / 05 / 2022Balita ng Ethereum ng BitcoinHas US inflation already peaked？ US inflation is expected to have moderated in May, in a sign that inflation may have peaked, as weakening consumer demand and loosening supply chains mitigate price growth. In April, the US consumer price index moderated for the first time in eight months to an anual pace of 8.3 per cent, 0.2 percentage points lower than the previous month. Despite the modest decline, inflation came in above economists expectations and remained at a 40-year high. Still, a second consecutive moderation in the anual rate should offer “hope that we have indeed passed the peak in inflation”, said James Knightley, chief international economist at ING. Mays consumer price index data, due to be published on Friday, may, in turn, give further clues as to how aggressively the Federal Reserve will raise interest rates in June and thereafter. Economists polled by Reuters expect monthly consumer prices to have risen 0.7 per cent in May. Consumer price growth slowed to 0.3 per cent month on month in April, as surging energy and food costs fuelled by the war in Ukraine abated. Housing, food and energy are likely to