According to the latest reporting data from the US Bureau of Labor Statistics (as of 12.07.2023) inflation in the states slowed to 3% year-on-year. The calculated consumer price index (CPI) was 3.0% against the forecast of 3.1%.
On a monthly basis, there was a slight increase in the index of 0.2%, but it is also lower than the forecast value.
The Core CPI index, which excludes food and energy products, also fell to 4.8% per annum.
To achieve the goal Fed The United States has one step left to bring the average annual inflation to the 2% level.
As a result of the published data, the yield of US Treasury bonds fell sharply and investors became optimistic. The main US indices gained up to 1% in their price (S&P 500 +0.8%, Dow Jones+0.4%, Nasdaq + 1%).
A step towards the goal, but the Fed has made it clear about the need for price stabilization in the long term, and therefore its plans for a subsequent increase in the interest rate during the year do not change.
Recall that on June 14, the Fed kept the discount rate at 5.25% per annum.
A good prerequisite for the growth trend of the real sector of the American economy.
The Fed is one step away from achieving the inflation target Somehow!
