May saw a slight moderation in consumer inflation, with the consumer price index (CPI) remaining unchanged on a month-over-month basis and inching down to 3.3% on a year-over-year basis. This is still above the Fed's target of 2.0%, as it was the 12th consecutive month it has wandered between 3.0% and 3.7%. In other words, it has gone nowhere in 12 months.
"Core" inflation, which excludes volatile food and energy prices, showed more promise, cooling to 3.5% on a year-over-year basis, and unlike the headline, does appear to be making progress towards that target. But you wouldn't know that from the Fed's last meeting
To read Dan's full report, click on the link below and download the PDF
Wheel of Risk Podcast
America’s premier podcast about the risk and reward of doing business in uncertain economic times is back! Welcome to season two of Wheel of Risk, proudly presented by Allianz Trade.
Over the course of eight episodes, host Alix McCabe and her team of experts are set to explore a whole new series of timely and relevant topics, from bank failures and rising interest rates to the threat of zombie firms and the cyclical nature of recession and recovery. They’ll also tackle some common myths and misconceptions about trade credit insurance, and bring you expert advice and actionable insights designed to help you keep your business safe, secure, and profitable — even in challenging times.
Listen to season two of Wheel of Risk, now streaming on all the major podcast platforms.