Us Cpi Inflation Expected To Cool Further But Will It Hurt The Dollar However, if the inflation data is on the soft side, particularly if core cpi falls more than expected, the euro could have another attempt at overcoming the $1.1075 resistance before eyeing the 61. The social security cost of living adjustment for 2025 could shrink to 2.5% as inflation cools, according to analyst estimates. that’s compared with this year’s 3.2% increase and the 8.7% jump.
Us Cpi Inflation Expected To Cool Further But Will It Hurt The Dollar Washington, dc cnn —. us inflation has slowed steadily from its four decade peak last june, and it’s expected to cool further thanks to easing car prices and rents. and if the us job market. Updated 12:56 pm pdt, june 12, 2024. washington (ap) — inflation in the united states eased in may for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. the trend, if it holds, could move the federal reserve closer to cutting its benchmark interest rate from its 23 year peak. A stronger than expected cpi report would push up the odds for a 25 bps rate rise in july as well as for an additional hike later in the year. the euro could potentially tumble towards its 38.2%. Economists have been closely watching housing inflation, which makes up about a third of consumer price index inflation. they have expected it to cool meaningfully, but so far it has moderated.
Comments are closed.