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Fed Scissor Can Change

Fed scissor can change may inflation in the US rose to 8.6 percent year-on-year beating forecasts but I don't think so what did they not say, did you.

May inflation in the US rose to 8.6 percent year-on-year, beating forecasts.

The general expectation of the markets was that it would average 8.3 percent.Thus, inflation in the USA tested its highest level since 1981.The general expectation in global markets is that the Fed will be more aggressive in interest rate hikes and rhetoric.The Fed's next three meetings are expected to raise interest rates by 50 basis points each.

But I don't think so!

Consumer confidence in the US fell to a record low. In June, it decreased to 50.2 with a monthly decrease of 8.2 points. When inflation figures were high, US President Joe Biden had to make a new statement.“While it's smart to examine crucial core inflation moderate, it's not falling as sharply and speedily as we should always see,” Biden aforementioned in a very written statement. On the other hand, the United Nations (UN) warned that the world is on the verge of the most serious food, energy, and economic crisis ever due to the Ukraine war.

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