RT Charlie Bilello
US CPI Inflation Rate moved up to 4.2% in May, its highest level since April 2023. The Inflation Rate is now 0.6% above the Fed Funds Rate. The Fed is once again behind the curve and should be hiking interest rates.
The author highlights that the US CPI inflation rate rose to 4.2% in May, exceeding the Fed Funds Rate by 0.6%, and argues that the Federal Reserve is behind the curve and should resume hiking interest rates.
关键要点
US CPI inflation rate reached 4.2% in May, marking its highest level since April 2023.
The inflation rate is currently 0.6% higher than the Fed Funds Rate.
The author criticizes the Fed for being behind the curve and advocates for further interest rate hikes to combat inflation.
