Expect New CPI Figures to be Much Increased, According to WH Press Secretary Jean-Pierre.

Karine Jean-Pierre, the press secretary for the White House, informed reporters that she anticipates the latest Consumer Price Index (CPI) figures to be significantly inflated.

July 12, 2022 - 10:51 AM 272 views

Expect New CPI Figures to be Much Increased, According to WH Press Secretary Jean-Pierre.

Market News

© Expect New CPI Figures to be Much Increased, According to WH Press Secretary Jean-Pierre.

Free Enquiry Now

Karine Jean-Pierre, the press secretary for the White House, informed reporters that she anticipates the latest Consumer Price Index (CPI) figures to be significantly inflated.

Her remarks worsen the inflation situation ahead of Wednesday's US CPI announcement for June, which is anticipated to rise from 8.6 percent YoY to 8.8 percent.

According to the NY Fed's survey of consumer inflation predictions for the coming year, US inflation expectations increased to a new high of 6.8 percent in June from 6.6 percent the month before.

In a similar vein, Raphael Bostic, president of the Atlanta Fed, told Reuters that recent inflation numbers have not been as positive as I would have hoped.

The Forex Market(FX) Implications

Because of its attraction as a safe haven, the US dollar is strengthened by inflation fears and drowns out commodities and Australian currency.

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here