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The U.S. CPI is about to be released.
At 7:30 p.m. on June 10, the U.S. will release the CPI (consumer index). The index is expected to be higher than expected as prices in the U.S. are now climbing dramatically.
The consumer price index in the world's largest economy grew at its fastest pace in more than four decades. Due to the impact of the conflict in Ukraine and global supply chain disruptions during the COVID-19 pandemic, gasoline prices consistently hit new record highs every day.
On June 8, the White House said U.S. Inflation is likely to continue to rise in May 2022, despite signs that the rally in commodity prices in the country has slowed.
On June 9, U.S. Treasury Secretary Janet Yellen said the U.S. economy is not at risk of falling into recession even though inflation is on the verge of galloping.
U.S. President Joe Biden has made fighting inflation a top priority of his presidency, but so far has not put in place many measures to help control price growth.
The U.S. Federal Reserve has begun making sharp rate hikes to ease inflationary pressures, with the goal of maintaining economic growth momentum while avoiding the risk of a recession.
CPI is expected to continue to rise.
Economists expect the monthly U.S. cpi increase to maintain its momentum after slowing in April, when the CPI rose 8.3 percent year-on-year.
The new forecasts see U.S. CPI rise 0.7 percent in May, while the core index, excluding the food and energy sectors, will rise 0.5 percent.
if the CPI is higher or smaller than the previous month of 0.3% there will be 2 cases. If CPI falls, the market-stabilizing economy will have a slight pump. If cpi increases, the rate of inflation increases adversely affecting the market.
