CPI May 2023

 

Amerikansk inflation något lägre än väntat (di.se)

Inflation at 3%  Turning Point for Fed

Fed hike this month still likely; may be last, economists say

That’s the way markets were betting after Wednesday’s data. 

Yields on short-term Treasury yields plunged, stocks rose, and the dollar was headed to the lowest in more than a year by one measure – all in anticipation that the Fed might ease up.

Housing costs contributed to over 70% of the monthly advance in June, while prices for airline fares and used cars declined. 

https://www.bloomberg.com/news/articles/2023-07-12/inflation-at-3-flags-end-of-emergency-turning-point-for-fed

Inflation is outstripping wages in 30 countries

 with an average fall in real wages of about 4 per cent across the OECD in the first quarter of 2023. 

https://www.ft.com/content/017e87e2-1b43-4719-b887-708a2b460268