US Economics

US Data Response

14 June, 2017

Consumer Prices & Retail Sales (May)

The continued weakness of core inflation, which fell to a two-year low of 1.7% in May, presents a dilemma for Fed officials. It won’t stop them from hiking interest rates later today, but it increases the downside risks to our forecast that there will be a further two rate hikes in the second half of this year.

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