The US CPI for May hit 4.2%. That's DOUBLE the Fed's target. ๐จ
Two weeks ago, the PCE was at 3.8%. Now the CPI confirms, the disinflation of 2025 is over.
This is the highest reading since April 2023.
The data came in line with consensus. The market was already pricing this in. Now, the odds of a rate hike in the US are climbing.
The Fed has no room to cut. BOJ is set to hike on June 16.
Two central banks moving in the same direction at the same time. Global liquidity relief will need to come through other channels.
Otherwise, the market might tank. Get ready for some serious volatility.
Two weeks ago, the PCE was at 3.8%. Now the CPI confirms, the disinflation of 2025 is over.
This is the highest reading since April 2023.
The data came in line with consensus. The market was already pricing this in. Now, the odds of a rate hike in the US are climbing.
The Fed has no room to cut. BOJ is set to hike on June 16.
Two central banks moving in the same direction at the same time. Global liquidity relief will need to come through other channels.
Otherwise, the market might tank. Get ready for some serious volatility.