ANZ Bank anticipates US CPI: US inflation back on track
ANZ Bank expects that the core CPI in the United States will increase by 0.20% month-on-month in June, while the overall CPI will remain flat. Restrictive monetary policy is balancing supply and demand, reducing inflationary pressures. Rental inflation remains high, but inflation is normalizing. Federal Reserve officials are optimistic about countering the inflation trend, but more data is needed to confirm a return to a 2% inflation rate before relaxing monetary policy
FXStreet News on July 11th, ANZ Bank expects that the core CPI in the United States will increase by 0.20% month-on-month in June, while the overall CPI will remain flat. The bank believes that restrictive monetary policy has balanced supply and demand, thereby reducing inflationary pressures. Statistical analysis of consumer prices indicates that although rental inflation remains high, inflationary pressures are normalizing. After a brief acceleration in inflation at the beginning of the year, Federal Reserve officials are becoming more optimistic, and the anti-inflation trend is back on track. However, the Fed wants more data to be certain that the inflation rate will continue to return to 2%, before considering easing monetary policy