US Inflation Rises To 13-Year High
Yesterday's release of June's US CPI data revealed that annualized inflation has jumped from 5% the previous month to 5.4% in June, which is the highest rate it has reached for 13 years. The consensus forecast before the release was expecting an annualized rate of only 4.9%. Clearly, the rebound from the initial shock of the coronavirus pandemic in March 2020 is…
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