InvestorQ : What do you read from the US inflation data at high levels for May 2022?
Dilmini Mercia made post

What do you read from the US inflation data at high levels for May 2022?

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Dawn Cherian answered.
3 weeks ago
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US inflation for May 2022 touched a 40-year high of 8.6%. Inflation was up 100 bps MOM. Energy inflation, grocery inflation, gasoline prices were all among the key drivers of US inflation. It almost reinforces a 75 bps rate hike in the June Fed policy meet instead of just 50 bps.

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