US Inflation Ignites: Is the Fed’s June Meeting ‘In Play’?

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Weak inflation in the Australian economy may have been the major talking point over the last couple of weeks, but across the Pacific, last night’s reading shows that the US is having no such problems. “USD CPI m/m (0.4% v 0.3% expected)” The April US inflation reading of +0.4% compared to the 0.3% expected, while simply just beating surveyed expectations, was actually also the fastest monthly increase in over three years!

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