US inflation data. The date for the US Consumer Price Index (CPI) data for May 2024 has been announced. According to this; US inflation data will be released at 12.30 GMT on Wednesday, June 12, 2024.
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In what direction is the inflation expectation? While investors were waiting for the interest rate decision of the US Federal Reserve (Fed) and inflation data to be announced this week, a negative trend was observed in the stock markets at the opening.
Analysts pointed out that although expectations around the world are approaching the end of the fight against inflation, data for the US economy gives mixed signals.
Stating that it is certain that the Fed will keep the interest rate constant in the monetary policy meetings this week and next month, analysts stated that clues about the size and timing of possible interest rate cuts will be sought in the “dot chart” to be published by the Bank.
Analysts said that the Consumer Price Index data to be announced on Wednesday and the Producer Price Index on Thursday may also give signals about the Fed’s future monetary policy. In the markets, the probability of the Fed’s first interest rate cut in September was priced at 47 percent.
What happened to April inflation? Inflation in the USA increased by 0.3 percent on a monthly basis and 3.4 percent on an annual basis in April.
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